First Trust Municipal High Income ETF (NASDAQ:FMHI) Sees Strong Trading Volume – Here’s What Happened

First Trust Municipal High Income ETF (NASDAQ:FMHI) saw an uptick in trading volume on Monday. 238,780 shares changed hands during mid-day trading, an increase of 67% from the previous session’s volume of 143,312 shares. The stock last traded at $44.6360 and had previously closed at $44.77.

First Trust Municipal High Income ETF Stock Down 0.3%

The business’s fifty day moving average price is $46.55 and its two-hundred day moving average price is $47.54.

First Trust Municipal High Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a $0.1790 dividend. This is an increase from First Trust Municipal High Income ETF’s previous monthly dividend of $0.1780. This represents a $2.15 annualized dividend and a yield of 4.8%. The ex-dividend date was Thursday, September 24th.

Institutional Investors Weigh In On First Trust Municipal High Income ETF

Several large investors have recently added to or reduced their stakes in the stock. Glen Eagle Advisors LLC purchased a new stake in First Trust Municipal High Income ETF during the first quarter valued at approximately $91,000. Parallel Advisors LLC bought a new stake in shares of First Trust Municipal High Income ETF in the 1st quarter valued at approximately $161,000. Western Wealth Management LLC purchased a new position in shares of First Trust Municipal High Income ETF in the 1st quarter worth approximately $162,000. Triumph Capital Management boosted its holdings in shares of First Trust Municipal High Income ETF by 152.1% in the 2nd quarter. Triumph Capital Management now owns 4,475 shares of the company’s stock worth $217,000 after purchasing an additional 2,700 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of First Trust Municipal High Income ETF in the 2nd quarter worth approximately $235,000.

First Trust Municipal High Income ETF Company Profile

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.