First Trust Municipal High Income ETF (FMHI) To Go Ex-Dividend on December 12th

First Trust Municipal High Income ETF (NASDAQ:FMHI) declared a monthly dividend on Thursday, December 11th. Investors of record on Friday, December 12th will be given a dividend of 0.169 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, December 12th.

First Trust Municipal High Income ETF Stock Performance

NASDAQ FMHI opened at $47.69 on Friday. First Trust Municipal High Income ETF has a 1 year low of $44.80 and a 1 year high of $49.05. The stock’s 50-day moving average price is $47.96 and its two-hundred day moving average price is $47.11.

Hedge Funds Weigh In On First Trust Municipal High Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its position in First Trust Municipal High Income ETF by 2.3% during the second quarter. Envestnet Asset Management Inc. now owns 70,809 shares of the company’s stock valued at $3,307,000 after purchasing an additional 1,561 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in shares of First Trust Municipal High Income ETF by 20.3% during the 2nd quarter. Avantax Advisory Services Inc. now owns 58,243 shares of the company’s stock worth $2,720,000 after purchasing an additional 9,829 shares in the last quarter. Ashton Thomas Securities LLC lifted its holdings in shares of First Trust Municipal High Income ETF by 139.5% during the 2nd quarter. Ashton Thomas Securities LLC now owns 48,416 shares of the company’s stock valued at $2,261,000 after buying an additional 28,201 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of First Trust Municipal High Income ETF by 20.1% in the 2nd quarter. International Assets Investment Management LLC now owns 10,157 shares of the company’s stock valued at $474,000 after buying an additional 1,700 shares in the last quarter. Finally, IFG Advisory LLC increased its holdings in First Trust Municipal High Income ETF by 49.1% in the second quarter. IFG Advisory LLC now owns 17,223 shares of the company’s stock worth $804,000 after buying an additional 5,673 shares during the last quarter.

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.