Envestnet Portfolio Solutions Inc. Cuts Holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Envestnet Portfolio Solutions Inc. decreased its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 11.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,596 shares of the company’s stock after selling 1,286 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in First Trust Municipal High Income ETF were worth $463,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Duncker Streett & Co. Inc. purchased a new stake in shares of First Trust Municipal High Income ETF during the fourth quarter valued at approximately $67,000. Larson Financial Group LLC purchased a new position in First Trust Municipal High Income ETF in the third quarter worth $92,000. Synergy Investment Management LLC bought a new position in First Trust Municipal High Income ETF in the 4th quarter valued at $124,000. Silver Oak Securities Incorporated increased its position in shares of First Trust Municipal High Income ETF by 9.4% during the 4th quarter. Silver Oak Securities Incorporated now owns 4,641 shares of the company’s stock valued at $224,000 after purchasing an additional 399 shares during the last quarter. Finally, Private Trust Co. NA raised its stake in shares of First Trust Municipal High Income ETF by 16.0% during the 4th quarter. Private Trust Co. NA now owns 4,930 shares of the company’s stock worth $238,000 after purchasing an additional 680 shares during the period.

First Trust Municipal High Income ETF Stock Performance

NASDAQ FMHI opened at $48.06 on Wednesday. First Trust Municipal High Income ETF has a 52-week low of $47.33 and a 52-week high of $49.51. The company has a 50-day simple moving average of $48.44 and a 200 day simple moving average of $48.71.

First Trust Municipal High Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a dividend of $0.163 per share. This represents a $1.96 annualized dividend and a yield of 4.07%. The ex-dividend date was Friday, February 21st.

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.