Boyd Wealth Management LLC Sells 408 Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI)

Boyd Wealth Management LLC lessened its position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 2.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,221 shares of the company’s stock after selling 408 shares during the period. First Trust Municipal High Income ETF accounts for 0.5% of Boyd Wealth Management LLC’s investment portfolio, making the stock its 26th largest position. Boyd Wealth Management LLC owned about 0.12% of First Trust Municipal High Income ETF worth $900,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rothschild Investment LLC purchased a new stake in First Trust Municipal High Income ETF during the second quarter valued at about $30,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of First Trust Municipal High Income ETF during the 3rd quarter valued at approximately $109,000. International Assets Investment Management LLC bought a new position in First Trust Municipal High Income ETF in the 2nd quarter worth approximately $184,000. Elevated Capital Advisors LLC bought a new position in First Trust Municipal High Income ETF in the 2nd quarter worth approximately $211,000. Finally, SeaCrest Wealth Management LLC purchased a new position in First Trust Municipal High Income ETF in the 3rd quarter valued at approximately $225,000.

First Trust Municipal High Income ETF Stock Performance

NASDAQ:FMHI opened at $48.65 on Thursday. First Trust Municipal High Income ETF has a 1 year low of $43.90 and a 1 year high of $49.51. The stock’s fifty day moving average price is $49.13 and its two-hundred day moving average price is $48.60.

First Trust Municipal High Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd will be issued a dividend of $0.163 per share. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.96 dividend on an annualized basis and a yield of 4.02%.

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.