CFO4Life Group LLC Cuts Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

CFO4Life Group LLC reduced its stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 39.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,221 shares of the company’s stock after selling 4,067 shares during the quarter. CFO4Life Group LLC’s holdings in First Trust Municipal High Income ETF were worth $300,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of FMHI. Avantax Advisory Services Inc. grew its position in shares of First Trust Municipal High Income ETF by 94.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 56,001 shares of the company’s stock worth $2,704,000 after acquiring an additional 27,226 shares in the last quarter. Independent Advisor Alliance bought a new stake in shares of First Trust Municipal High Income ETF in the 4th quarter worth $578,000. Sowell Financial Services LLC bought a new stake in shares of First Trust Municipal High Income ETF in the 4th quarter worth $1,516,000. Larson Financial Group LLC raised its stake in shares of First Trust Municipal High Income ETF by 105.0% in the 4th quarter. Larson Financial Group LLC now owns 3,803 shares of the company’s stock worth $184,000 after buying an additional 1,948 shares in the last quarter. Finally, Evergreen Private Wealth LLC raised its stake in shares of First Trust Municipal High Income ETF by 10.2% in the 4th quarter. Evergreen Private Wealth LLC now owns 33,521 shares of the company’s stock worth $1,619,000 after buying an additional 3,104 shares in the last quarter.

First Trust Municipal High Income ETF Stock Performance

Shares of NASDAQ FMHI opened at $48.28 on Thursday. First Trust Municipal High Income ETF has a 52-week low of $47.33 and a 52-week high of $49.51. The stock’s fifty day simple moving average is $48.44 and its 200 day simple moving average is $48.76.

First Trust Municipal High Income ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.163 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.96 dividend on an annualized basis and a yield of 4.05%.

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.