First Trust Municipal High Income ETF (NASDAQ:FMHI) Hits New 12-Month High at $49.47

First Trust Municipal High Income ETF (NASDAQ:FMHI)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $49.47 and last traded at $49.47, with a volume of 49553 shares. The stock had previously closed at $49.41.

First Trust Municipal High Income ETF Stock Up 0.0 %

The stock has a fifty day moving average of $48.95 and a two-hundred day moving average of $48.36.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were paid a $0.163 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $1.96 annualized dividend and a dividend yield of 3.96%.

Hedge Funds Weigh In On First Trust Municipal High Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Rothschild Investment LLC acquired a new stake in First Trust Municipal High Income ETF during the 2nd quarter valued at approximately $30,000. Principal Securities Inc. bought a new position in First Trust Municipal High Income ETF during the fourth quarter worth $48,000. Creekmur Asset Management LLC bought a new position in First Trust Municipal High Income ETF during the fourth quarter worth $53,000. Westside Investment Management Inc. lifted its holdings in First Trust Municipal High Income ETF by 66.7% in the first quarter. Westside Investment Management Inc. now owns 2,500 shares of the company’s stock valued at $120,000 after buying an additional 1,000 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in First Trust Municipal High Income ETF during the second quarter valued at $184,000.

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.