Susquehanna International Group LLP Cuts Holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Susquehanna International Group LLP lowered its stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,598 shares of the company’s stock after selling 2,787 shares during the period. Susquehanna International Group LLP owned approximately 1.21% of First Trust Municipal High Income ETF worth $2,072,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mutual Advisors LLC grew its position in First Trust Municipal High Income ETF by 8.5% in the fourth quarter. Mutual Advisors LLC now owns 5,556 shares of the company’s stock worth $298,000 after acquiring an additional 435 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of First Trust Municipal High Income ETF by 56,100.0% during the fourth quarter. Wells Fargo & Company MN now owns 562 shares of the company’s stock valued at $30,000 after buying an additional 561 shares during the period. Advisory Services Network LLC boosted its position in shares of First Trust Municipal High Income ETF by 49.0% during the fourth quarter. Advisory Services Network LLC now owns 1,910 shares of the company’s stock valued at $103,000 after buying an additional 628 shares during the period. AE Wealth Management LLC raised its stake in shares of First Trust Municipal High Income ETF by 3.7% during the fourth quarter. AE Wealth Management LLC now owns 24,296 shares of the company’s stock valued at $1,305,000 after acquiring an additional 863 shares in the last quarter. Finally, Capital Investment Advisory Services LLC raised its stake in First Trust Municipal High Income ETF by 5.9% in the fourth quarter. Capital Investment Advisory Services LLC now owns 16,275 shares of the company’s stock worth $874,000 after buying an additional 900 shares in the last quarter.

Shares of NASDAQ:FMHI opened at $54.72 on Thursday. The firm has a 50 day moving average of $54.39 and a 200 day moving average of $53.75. First Trust Municipal High Income ETF has a 52 week low of $47.24 and a 52 week high of $55.34.

The firm also recently declared a monthly dividend, which was paid on Friday, January 29th. Stockholders of record on Friday, January 22nd were given a dividend of $0.14 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date was Thursday, January 21st.

Further Reading: What is channel trading?

Institutional Ownership by Quarter for First Trust Municipal High Income ETF (NASDAQ:FMHI)

Receive News & Ratings for First Trust Municipal High Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Municipal High Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.