Principle Wealth Partners LLC Has $16.49 Million Stock Holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Principle Wealth Partners LLC trimmed its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 341,570 shares of the company’s stock after selling 10,062 shares during the quarter. First Trust Municipal High Income ETF makes up 1.2% of Principle Wealth Partners LLC’s portfolio, making the stock its 18th biggest position. Principle Wealth Partners LLC’s holdings in First Trust Municipal High Income ETF were worth $16,494,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FMHI. Wealth Enhancement Advisory Services LLC boosted its position in shares of First Trust Municipal High Income ETF by 4.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,521,354 shares of the company’s stock worth $75,155,000 after purchasing an additional 59,086 shares during the last quarter. Financial Partners Group Inc boosted its holdings in First Trust Municipal High Income ETF by 3.9% during the fourth quarter. Financial Partners Group Inc now owns 244,826 shares of the company’s stock worth $11,823,000 after buying an additional 9,180 shares during the last quarter. HighTower Advisors LLC grew its position in shares of First Trust Municipal High Income ETF by 186.1% during the 3rd quarter. HighTower Advisors LLC now owns 172,366 shares of the company’s stock worth $8,513,000 after buying an additional 112,110 shares during the period. Atlas Private Wealth Advisors increased its stake in shares of First Trust Municipal High Income ETF by 6.6% in the 4th quarter. Atlas Private Wealth Advisors now owns 169,954 shares of the company’s stock valued at $8,207,000 after acquiring an additional 10,463 shares during the last quarter. Finally, EnRich Financial Partners LLC raised its position in shares of First Trust Municipal High Income ETF by 5.3% in the 3rd quarter. EnRich Financial Partners LLC now owns 139,912 shares of the company’s stock valued at $6,912,000 after acquiring an additional 6,990 shares during the period.

First Trust Municipal High Income ETF Stock Performance

Shares of NASDAQ FMHI opened at $48.68 on Tuesday. First Trust Municipal High Income ETF has a 52-week low of $47.33 and a 52-week high of $49.51. The firm has a 50 day moving average price of $48.45 and a 200 day moving average price of $48.82.

First Trust Municipal High Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were issued a $0.163 dividend. This represents a $1.96 annualized dividend and a dividend yield of 4.02%. The ex-dividend date was Wednesday, January 22nd.

First Trust Municipal High Income ETF 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.