First Trust Municipal High Income ETF (NASDAQ:FMHI) Sees Strong Trading Volume

Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) saw unusually-strong trading volume on Tuesday . Approximately 132,275 shares were traded during mid-day trading, an increase of 109% from the previous session’s volume of 63,441 shares.The stock last traded at $49.06 and had previously closed at $48.96.

First Trust Municipal High Income ETF Stock Up 0.2 %

The business’s 50 day moving average is $48.69 and its 200 day moving average is $48.17.

First Trust Municipal High Income ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, July 31st. Investors of record on Tuesday, July 23rd were paid a $0.163 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date was Tuesday, July 23rd.

Hedge Funds Weigh In On First Trust Municipal High Income ETF

A number of large investors have recently bought and sold shares of the business. Wells Fargo & Company MN grew its holdings in shares of First Trust Municipal High Income ETF by 145.2% during the fourth quarter. Wells Fargo & Company MN now owns 406,752 shares of the company’s stock valued at $19,394,000 after buying an additional 240,894 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of First Trust Municipal High Income ETF during the fourth quarter valued at $8,659,000. Principle Wealth Partners LLC purchased a new stake in shares of First Trust Municipal High Income ETF during the fourth quarter valued at $8,072,000. NewEdge Advisors LLC grew its holdings in shares of First Trust Municipal High Income ETF by 561.0% during the second quarter. NewEdge Advisors LLC now owns 188,505 shares of the company’s stock valued at $9,109,000 after buying an additional 159,987 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of First Trust Municipal High Income ETF by 585.7% during the first quarter. Cetera Investment Advisers now owns 145,955 shares of the company’s stock valued at $7,032,000 after buying an additional 124,671 shares during the last quarter.

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.