Boyd Wealth Management LLC Lowers Stock Holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Posted by Clark Linder on Oct 31st, 2024

Boyd Wealth Management LLC reduced its position in First Trust Municipal High Income ETF (NASDAQ:FMHI – Free Report) by 2.2% in the third quarter, Holdings Channel.com reports. The firm owned 18,221 shares of the company’s stock after selling 408 shares during the quarter. First Trust Municipal High Income ETF makes up 0.5% of Boyd Wealth Management LLC’s holdings, making the stock its 26th biggest holding. Boyd Wealth Management LLC’s holdings in First Trust Municipal High Income ETF were worth $900,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Rothschild Investment LLC bought a new position in shares of First Trust Municipal High Income ETF during the 2nd quarter valued at $30,000. Farmers & Merchants Investments Inc. purchased a new stake in First Trust Municipal High Income ETF during the third quarter valued at about $109,000. International Assets Investment Management LLC bought a new position in shares of First Trust Municipal High Income ETF during the second quarter valued at about $184,000. Elevated Capital Advisors LLC purchased a new position in shares of First Trust Municipal High Income ETF in the second quarter worth about $211,000. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of First Trust Municipal High Income ETF in the 3rd quarter valued at about $225,000.

First Trust Municipal High Income ETF Stock Performance

Shares of FMHI stock opened at $48.65 on Thursday. The business has a 50-day moving average of $49.13 and a 200 day moving average of $48.60. First Trust Municipal High Income ETF has a 1-year low of $43.90 and a 1-year high of $49.51.

First Trust Municipal High Income ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd will be issued a $0.163 dividend. This represents a $1.96 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend is Tuesday, October 22nd.

First Trust Municipal High Income ETF Profile

(Free Report)

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.