First Trust Municipal High Income ETF $FMHI Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lowered its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 32.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,761 shares of the company’s stock after selling 14,195 shares during the quarter. Kestra Private Wealth Services LLC owned approximately 0.15% of First Trust Municipal High Income ETF worth $1,415,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of First Trust Municipal High Income ETF by 3.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,604,484 shares of the company’s stock valued at $76,993,000 after acquiring an additional 51,738 shares during the period. Morgan Stanley raised its position in First Trust Municipal High Income ETF by 9.7% in the 4th quarter. Morgan Stanley now owns 1,321,787 shares of the company’s stock valued at $63,359,000 after purchasing an additional 117,314 shares during the last quarter. LPL Financial LLC boosted its stake in First Trust Municipal High Income ETF by 12.5% during the 4th quarter. LPL Financial LLC now owns 1,167,716 shares of the company’s stock worth $55,974,000 after purchasing an additional 129,684 shares during the period. Wells Fargo & Company MN boosted its stake in First Trust Municipal High Income ETF by 15.6% during the 4th quarter. Wells Fargo & Company MN now owns 1,145,777 shares of the company’s stock worth $54,922,000 after purchasing an additional 154,624 shares during the period. Finally, Meeder Advisory Services Inc. grew its position in First Trust Municipal High Income ETF by 8.6% during the 4th quarter. Meeder Advisory Services Inc. now owns 488,345 shares of the company’s stock worth $23,409,000 after purchasing an additional 38,690 shares during the last quarter.

First Trust Municipal High Income ETF Stock Performance

NASDAQ FMHI opened at $48.54 on Tuesday. First Trust Municipal High Income ETF has a one year low of $45.83 and a one year high of $48.73. The firm’s fifty day moving average is $48.16 and its two-hundred day moving average is $48.08.

First Trust Municipal High Income ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be issued a dividend of $0.177 per share. This is an increase from First Trust Municipal High Income ETF’s previous dividend of $0.18. The ex-dividend date of this dividend is Thursday, June 25th.

About First Trust Municipal High Income ETF

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.