SlateStone Wealth LLC Decreases Stock Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

SlateStone Wealth LLC lowered its stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 23.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 98,309 shares of the company’s stock after selling 30,590 shares during the quarter. SlateStone Wealth LLC owned about 0.89% of First Trust Municipal High Income ETF worth $4,687,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Gradient Investments LLC lifted its stake in First Trust Municipal High Income ETF by 397.6% in the 3rd quarter. Gradient Investments LLC now owns 1,020 shares of the company’s stock worth $46,000 after purchasing an additional 815 shares in the last quarter. Tanglewood Legacy Advisors LLC raised its position in shares of First Trust Municipal High Income ETF by 110.0% during the 3rd quarter. Tanglewood Legacy Advisors LLC now owns 2,100 shares of the company’s stock valued at $95,000 after buying an additional 1,100 shares in the last quarter. Private Trust Co. NA raised its position in shares of First Trust Municipal High Income ETF by 279.6% during the 3rd quarter. Private Trust Co. NA now owns 3,170 shares of the company’s stock valued at $143,000 after buying an additional 2,335 shares in the last quarter. AdvisorNet Financial Inc raised its position in shares of First Trust Municipal High Income ETF by 1,525.0% during the 3rd quarter. AdvisorNet Financial Inc now owns 3,900 shares of the company’s stock valued at $176,000 after buying an additional 3,660 shares in the last quarter. Finally, Key Financial Inc purchased a new stake in shares of First Trust Municipal High Income ETF during the 4th quarter valued at about $209,000.

First Trust Municipal High Income ETF Stock Performance

Shares of NASDAQ FMHI opened at $47.59 on Wednesday. The firm’s 50-day moving average price is $47.94 and its 200-day moving average price is $46.99. First Trust Municipal High Income ETF has a 12-month low of $43.88 and a 12-month high of $48.37.

First Trust Municipal High Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 24th will be given a dividend of $0.159 per share. This represents a $1.91 annualized dividend and a dividend yield of 4.01%. The ex-dividend date is Tuesday, April 23rd.

First Trust Municipal High Income ETF Company 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.