Harbour Investments Inc. Sells 4,482 Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI)

Harbour Investments Inc. reduced its position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 17.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 21,916 shares of the company’s stock after selling 4,482 shares during the quarter. Harbour Investments Inc.’s holdings in First Trust Municipal High Income ETF were worth $1,083,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of FMHI. Rothschild Investment LLC bought a new stake in shares of First Trust Municipal High Income ETF during the 2nd quarter worth $30,000. Farmers & Merchants Investments Inc. acquired a new position in First Trust Municipal High Income ETF during the 3rd quarter valued at $109,000. International Assets Investment Management LLC acquired a new position in First Trust Municipal High Income ETF during the 2nd quarter valued at $184,000. Mach 1 Financial Group LLC acquired a new position in First Trust Municipal High Income ETF during the 3rd quarter valued at $204,000. Finally, Elevated Capital Advisors LLC acquired a new position in First Trust Municipal High Income ETF during the 2nd quarter valued at $211,000.

First Trust Municipal High Income ETF Trading Up 0.1 %

NASDAQ:FMHI opened at $48.75 on Friday. First Trust Municipal High Income ETF has a one year low of $45.32 and a one year high of $49.51. The company has a fifty day moving average price of $49.06 and a 200 day moving average price of $48.68.

First Trust Municipal High Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd were paid a $0.163 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend was Tuesday, October 22nd.

First Trust Municipal High Income ETF Company 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.