Level Four Advisory Services LLC Sells 338 Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI)

Level Four Advisory Services LLC reduced its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,774 shares of the company’s stock after selling 338 shares during the period. Level Four Advisory Services LLC’s holdings in First Trust Municipal High Income ETF were worth $231,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FMHI. LPL Financial LLC raised its stake in First Trust Municipal High Income ETF by 10.1% during the 4th quarter. LPL Financial LLC now owns 984,276 shares of the company’s stock valued at $47,531,000 after purchasing an additional 90,504 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of First Trust Municipal High Income ETF during the 4th quarter worth about $17,256,000. Financial Partners Group Inc raised its position in shares of 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 valued at $11,823,000 after buying an additional 9,180 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of First Trust Municipal High Income ETF by 186.1% in the third quarter. HighTower Advisors LLC now owns 172,366 shares of the company’s stock valued at $8,513,000 after buying an additional 112,110 shares during the period. Finally, Atlas Private Wealth Advisors grew its position in First Trust Municipal High Income ETF by 6.6% during the fourth quarter. Atlas Private Wealth Advisors now owns 169,954 shares of the company’s stock worth $8,207,000 after buying an additional 10,463 shares in the last quarter.

First Trust Municipal High Income ETF Stock Performance

Shares of FMHI opened at $48.06 on Wednesday. First Trust Municipal High Income ETF has a 12-month low of $47.33 and a 12-month high of $49.51. The stock’s 50-day moving average price is $48.40 and its 200 day moving average price is $48.65.

First Trust Municipal High Income ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a dividend of $0.163 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date was Thursday, March 27th.

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.