SlateStone Wealth LLC Has $12.90 Million Stock Position in First Trust Municipal High Income ETF $FMHI

SlateStone Wealth LLC raised its stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 10.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 269,208 shares of the company’s stock after purchasing an additional 24,889 shares during the quarter. First Trust Municipal High Income ETF accounts for 1.1% of SlateStone Wealth LLC’s portfolio, making the stock its 24th largest holding. SlateStone Wealth LLC owned approximately 1.43% of First Trust Municipal High Income ETF worth $12,904,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. J.W. Cole Advisors Inc. boosted its holdings in First Trust Municipal High Income ETF by 8.0% during the fourth quarter. J.W. Cole Advisors Inc. now owns 14,802 shares of the company’s stock valued at $710,000 after purchasing an additional 1,102 shares in the last quarter. Vise Technologies Inc. boosted its holdings in First Trust Municipal High Income ETF by 147.2% during the fourth quarter. Vise Technologies Inc. now owns 116,797 shares of the company’s stock valued at $5,599,000 after purchasing an additional 69,545 shares in the last quarter. ShoreHaven Wealth Partners LLC boosted its holdings in First Trust Municipal High Income ETF by 9.5% during the fourth quarter. ShoreHaven Wealth Partners LLC now owns 49,860 shares of the company’s stock valued at $2,390,000 after purchasing an additional 4,319 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in First Trust Municipal High Income ETF during the fourth quarter valued at approximately $880,000. Finally, Harbour Investments Inc. boosted its holdings in First Trust Municipal High Income ETF by 44.4% during the fourth quarter. Harbour Investments Inc. now owns 18,305 shares of the company’s stock valued at $877,000 after purchasing an additional 5,625 shares in the last quarter.

First Trust Municipal High Income ETF Stock Up 0.1%

NASDAQ FMHI opened at $48.33 on Friday. The stock’s 50 day moving average is $47.96 and its two-hundred day moving average is $48.03. First Trust Municipal High Income ETF has a 1-year low of $45.83 and a 1-year high of $48.73.

First Trust Municipal High Income ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were issued a $0.176 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This is an increase from First Trust Municipal High Income ETF’s previous dividend of $0.18.

First Trust Municipal High Income ETF Profile

The First Trust Municipal High Income ETF (FMHI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that holds a broad range of US municipal bonds. FMHI was launched on Nov 1, 2017 and is managed by First Trust.