The most recent filing that the company made with the Securities and Exchange Commission revealed that during the third quarter, Trust Financial Corp. reduced its holdings in First Trust Municipal High Income ETF (NASDAQ: FMHI). The institutional investor currently has a total holding of 28,895 shares of the company’s stock after selling 11,259 shares of the company’s stock during the most recent quarter. Trust Financial Corporation had a total investment in First Trust Municipal High Income ETF worth $1,312,000 at the end of the most recent reporting period. This value is equivalent to approximately 0.44% of the company.
Other institutional investors and hedge funds have also bought and sold FMHI stock. These transactions have taken place in both directions. One of the company’s accomplishments was a 67.2% increase in the proportion of First Trust Municipal High Income ETF shares that Rockland Trust Co. owned as of the third quarter. Rockland Trust Co. now has 194,138 shares after purchasing 483,150 in the most recent quarter for a total value of $21,935,000. This brings the total number of shares the company owns to 194,138. RFG Advisory LLC’s ownership of First Trust Municipal High Income ETF shares went up by 3,751.2% during the second quarter due to the company’s expansion of its investment portfolio. RFG Advisory LLC now holds 177,155 shares following the acquisition of 172,555 shares during the most recent quarter. The value of RFG Advisory LLC’s holdings in the business at present is $8,707,000. ERn Financial LLC acquired a new investment in First Trust Municipal High Income ETF during the second quarter. This was accomplished through the use of a competitive bidding process. This investment was estimated to be worth approximately $5,346,000 in its entirety. Jane Street Group LLC oversees the investment portfolio, and during the first quarter of 2018, approximately $5,126,000 worth of First Trust Municipal High Income ETF was acquired for the portfolio. Lastly, but certainly not least, during the second quarter, Flow Traders U.S. LLC increased the percentage of First Trust Municipal High Income ETF shares it owned by a staggering 680.9%. This is not to say that this is the least important thing during this period. Flow Traders U.S. LLC now has a total ownership stake in the company that is equal to $3,107,000 and comprises 65,414 shares. This is the result of the company purchasing an additional 57,037 shares during the most recent quarter.
NASDAQ FMHI began trading for the first time on Thursday, and the opening price for the stock was $47.87. During the previous twelve months, the price of the First Trust Municipal High Income ETF ranged from $44.09 to $55.83 at its highest point. The business recently announced a monthly dividend paid out on Friday, December 30. In addition, the company’s share price currently has a moving average of $46.64 for the past 50 days and $46.97 for the past 200 days. On Tuesday, December 27, shareholders on record, when the dividends were declared, received payments of dividends amounting to $0.151 per share. This payment was made to shareholders who held shares on record when the dividends were declared. This is an increase from the previous monthly dividend amount of $0.15 distributed by First Trust Municipal High Income ETF. This indicates that the monthly dividend will continue to grow. On Friday, December 23, shareholders had until midnight to submit their dividend payments to the company to avoid a late fee. This results in a dividend yield of 3.79 percent and an annual dividend payment of 1.81 dollars.
Look at how FMHI stacks up against the returns offered by other hedge funds and see how they fare. By going to HoldingsChannel.com, you can obtain the most up-to-date information regarding the 13F filings and insider transactions for First Trust Municipal High Income ETF (NASDAQ: FMHI).