Waddell & Associates LLC Trims Stock Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Waddell & Associates LLC reduced its stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 5.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,570 shares of the company’s stock after selling 350 shares during the quarter. Waddell & Associates LLC’s holdings in First Trust Municipal High Income ETF were worth $269,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in First Trust Municipal High Income ETF during the 4th quarter worth $17,256,000. Hughes Financial Services LLC acquired a new stake in shares of First Trust Municipal High Income ETF during the fourth quarter worth about $4,685,000. LPL Financial LLC grew its holdings in shares of First Trust Municipal High Income ETF by 10.1% during the fourth quarter. LPL Financial LLC now owns 984,276 shares of the company’s stock worth $47,531,000 after buying an additional 90,504 shares during the last quarter. JPMorgan Chase & Co. increased its position in First Trust Municipal High Income ETF by 209.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 106,235 shares of the company’s stock valued at $5,248,000 after acquiring an additional 71,872 shares during the period. Finally, First Horizon Advisors Inc. purchased a new stake in First Trust Municipal High Income ETF during the 4th quarter valued at approximately $2,390,000.

First Trust Municipal High Income ETF Trading Down 1.1 %

Shares of FMHI stock opened at $46.48 on Wednesday. The business’s 50 day moving average is $48.29 and its two-hundred day moving average is $48.57. First Trust Municipal High Income ETF has a twelve month low of $46.02 and a twelve month high of $49.51.

First Trust Municipal High Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a dividend of $0.163 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 4.21%.

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.