SlateStone Wealth LLC Sells 13,554 Shares of First Trust Municipal High Income ETF $FMHI

SlateStone Wealth LLC lessened its stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 5.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 244,319 shares of the company’s stock after selling 13,554 shares during the quarter. First Trust Municipal High Income ETF accounts for approximately 1.0% of SlateStone Wealth LLC’s holdings, making the stock its 29th largest position. SlateStone Wealth LLC’s holdings in First Trust Municipal High Income ETF were worth $11,608,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. J.W. Cole Advisors Inc. increased its holdings in First Trust Municipal High Income ETF by 4.3% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 13,700 shares of the company’s stock valued at $651,000 after acquiring an additional 562 shares during the last quarter. Lokken Investment Group LLC purchased a new position in shares of First Trust Municipal High Income ETF during the third quarter valued at about $350,000. Envestnet Asset Management Inc. lifted its position in shares of First Trust Municipal High Income ETF by 0.5% in the third quarter. Envestnet Asset Management Inc. now owns 71,188 shares of the company’s stock worth $3,382,000 after buying an additional 379 shares in the last quarter. Mutual Advisors LLC boosted its stake in First Trust Municipal High Income ETF by 9.8% during the third quarter. Mutual Advisors LLC now owns 37,521 shares of the company’s stock valued at $1,804,000 after buying an additional 3,347 shares during the last quarter. Finally, Crumly & Associates Inc. boosted its stake in First Trust Municipal High Income ETF by 31.2% during the third quarter. Crumly & Associates Inc. now owns 79,447 shares of the company’s stock valued at $3,775,000 after buying an additional 18,881 shares during the last quarter.

First Trust Municipal High Income ETF Stock Up 0.0%

Shares of FMHI opened at $48.23 on Friday. First Trust Municipal High Income ETF has a 1 year low of $44.80 and a 1 year high of $49.05. The business’s 50 day simple moving average is $47.96 and its 200-day simple moving average is $47.49.

First Trust Municipal High Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were paid a $0.174 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Wednesday, January 21st. This is an increase from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17.

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.