First Trust Municipal High Income ETF (NASDAQ:FMHI – Get Free Report) saw strong trading volume on Wednesday after the company announced a dividend. 355,999 shares traded hands during trading, an increase of 132% from the previous session’s volume of 153,650 shares. The stock last traded at $45.2970 and had previously closed at $45.47.
The newly announced dividend which will be paid on Friday, October 30th. Investors of record on Wednesday, October 21st will be issued a $0.1790 dividend. This represents a $2.15 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Wednesday, October 21st.
First Trust Municipal High Income ETF Stock Performance
The firm has a 50 day simple moving average of $46.20 and a two-hundred day simple moving average of $47.43.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Glen Eagle Advisors LLC bought a new position in First Trust Municipal High Income ETF in the 1st quarter worth $91,000. Parallel Advisors LLC purchased a new position in shares of First Trust Municipal High Income ETF in the 1st quarter worth about $161,000. Western Wealth Management LLC purchased a new stake in shares of First Trust Municipal High Income ETF during the first quarter valued at approximately $162,000. Triumph Capital Management lifted its holdings in shares of First Trust Municipal High Income ETF by 152.1% during the second quarter. Triumph Capital Management now owns 4,475 shares of the company’s stock valued at $217,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of First Trust Municipal High Income ETF during the 2nd quarter valued at about $235,000.
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.
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