Summit Wealth Partners LLC Sells 863 Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI)

Summit Wealth Partners LLC trimmed its position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 7.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,985 shares of the company’s stock after selling 863 shares during the period. Summit Wealth Partners LLC owned 0.07% of First Trust Municipal High Income ETF worth $543,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. WealthCare Investment Partners LLC raised its holdings in First Trust Municipal High Income ETF by 2.3% during the 3rd quarter. WealthCare Investment Partners LLC now owns 10,715 shares of the company’s stock valued at $526,000 after acquiring an additional 242 shares during the period. Truist Financial Corp grew its position in shares of First Trust Municipal High Income ETF by 1.8% in the second quarter. Truist Financial Corp now owns 13,605 shares of the company’s stock valued at $657,000 after purchasing an additional 243 shares in the last quarter. ShoreHaven Wealth Partners LLC raised its stake in shares of First Trust Municipal High Income ETF by 1.4% during the 2nd quarter. ShoreHaven Wealth Partners LLC now owns 30,477 shares of the company’s stock valued at $1,473,000 after purchasing an additional 428 shares during the period. Ameritas Advisory Services LLC lifted its holdings in First Trust Municipal High Income ETF by 6.7% during the 2nd quarter. Ameritas Advisory Services LLC now owns 7,615 shares of the company’s stock worth $368,000 after purchasing an additional 480 shares in the last quarter. Finally, Socha Financial Group LLC boosted its stake in First Trust Municipal High Income ETF by 3.2% in the 1st quarter. Socha Financial Group LLC now owns 18,475 shares of the company’s stock worth $890,000 after purchasing an additional 572 shares during the period.

First Trust Municipal High Income ETF Price Performance

Shares of First Trust Municipal High Income ETF stock opened at $48.60 on Friday. The company’s 50-day moving average price is $49.13 and its 200-day moving average price is $48.60. First Trust Municipal High Income ETF has a 12-month low of $43.90 and a 12-month high of $49.51.

First Trust Municipal High Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd were given a $0.163 dividend. This represents a $1.96 annualized dividend and a dividend yield of 4.02%. The ex-dividend date was Tuesday, October 22nd.

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.