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

Principle Wealth Partners LLC decreased its stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 2.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 about 1.2% of Principle Wealth Partners LLC’s investment portfolio, making the stock its 18th largest position. Principle Wealth Partners LLC owned 2.18% of First Trust Municipal High Income ETF worth $16,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of FMHI. Larson Financial Group LLC bought a new position in shares of First Trust Municipal High Income ETF in the third quarter valued at approximately $92,000. Farmers & Merchants Investments Inc. bought a new position in First Trust Municipal High Income ETF in the 3rd quarter valued at $109,000. Mach 1 Financial Group LLC acquired a new position in First Trust Municipal High Income ETF in the third quarter worth $204,000. SeaCrest Wealth Management LLC bought a new stake in shares of First Trust Municipal High Income ETF during the third quarter worth $225,000. Finally, Silver Oak Securities Incorporated increased its stake in shares of First Trust Municipal High Income ETF by 9.4% in the fourth quarter. Silver Oak Securities Incorporated now owns 4,641 shares of the company’s stock valued at $224,000 after buying an additional 399 shares in the last quarter.

First Trust Municipal High Income ETF Stock Down 0.0 %

First Trust Municipal High Income ETF stock opened at $48.68 on Tuesday. The stock has a 50-day simple moving average of $48.45 and a 200 day simple moving average of $48.82. First Trust Municipal High Income ETF has a 12-month low of $47.33 and a 12-month high of $49.51.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were paid a $0.163 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend was Wednesday, January 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.