First Trust Municipal High Income ETF (NASDAQ:FMHI) Shares Sold by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC lessened its stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 51.9% during the third quarter, Holdings Channel.com reports. The fund owned 5,155 shares of the company’s stock after selling 5,571 shares during the period. Insight Wealth Strategies LLC’s holdings in First Trust Municipal High Income ETF were worth $255,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. WealthCare Investment Partners LLC acquired a new position in shares of First Trust Municipal High Income ETF during the first quarter valued at approximately $376,000. Envestnet Portfolio Solutions Inc. increased its stake in shares of First Trust Municipal High Income ETF by 11.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 10,353 shares of the company’s stock valued at $500,000 after acquiring an additional 1,024 shares during the period. Summit Wealth Partners LLC increased its stake in shares of First Trust Municipal High Income ETF by 5.5% during the second quarter. Summit Wealth Partners LLC now owns 11,848 shares of the company’s stock valued at $572,000 after acquiring an additional 620 shares during the period. GSG Advisors LLC increased its stake in shares of First Trust Municipal High Income ETF by 37.3% during the first quarter. GSG Advisors LLC now owns 39,129 shares of the company’s stock valued at $1,871,000 after acquiring an additional 10,639 shares during the period. Finally, Creekmur Asset Management LLC acquired a new position in shares of First Trust Municipal High Income ETF during the fourth quarter valued at approximately $53,000.

First Trust Municipal High Income ETF Trading Up 0.1 %

NASDAQ FMHI opened at $49.17 on Wednesday. First Trust Municipal High Income ETF has a 12 month low of $43.88 and a 12 month high of $49.51. The company’s 50 day simple moving average is $49.17 and its 200 day simple moving average is $48.49.

First Trust Municipal High Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.163 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.96 annualized dividend and a yield of 3.98%.

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.