Truist Financial Corp Raises Stock Position in First Trust Municipal High Income ETF $FMHI

Truist Financial Corp lifted its holdings in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 36.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,625 shares of the company’s stock after purchasing an additional 15,413 shares during the quarter. Truist Financial Corp owned about 0.33% of First Trust Municipal High Income ETF worth $2,738,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Evolution Wealth Management Inc. acquired a new stake in First Trust Municipal High Income ETF during the 2nd quarter worth approximately $27,000. Farther Finance Advisors LLC increased its position in shares of First Trust Municipal High Income ETF by 21.3% during the third quarter. Farther Finance Advisors LLC now owns 1,207 shares of the company’s stock worth $57,000 after acquiring an additional 212 shares during the period. Invictus Private Wealth LLC acquired a new stake in shares of First Trust Municipal High Income ETF in the second quarter valued at $218,000. Total Clarity Wealth Management Inc. acquired a new stake in shares of First Trust Municipal High Income ETF in the second quarter valued at $234,000. Finally, Stratos Wealth Partners LTD. boosted its holdings in First Trust Municipal High Income ETF by 17.7% in the second quarter. Stratos Wealth Partners LTD. now owns 5,195 shares of the company’s stock valued at $243,000 after purchasing an additional 780 shares during the period.

First Trust Municipal High Income ETF Stock Performance

Shares of NASDAQ FMHI opened at $48.22 on Friday. The stock’s 50-day moving average is $47.96 and its two-hundred day moving average is $47.50. First Trust Municipal High Income ETF has a 1-year low of $44.80 and a 1-year high of $49.05.

First Trust Municipal High Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 21st were issued a $0.174 dividend. This represents a c) annualized dividend and a yield of 4.3%. This is a positive change from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, January 21st.

First Trust Municipal High Income ETF 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.