First Trust Municipal High Income ETF (NASDAQ:FMHI) Shareholders to Get $0.18 Monthly Dividend

First Trust Municipal High Income ETF (NASDAQ:FMHI) declared a monthly dividend on Tuesday, October 20th. Stockholders of record on Wednesday, October 21st will be paid a dividend of $0.1790 per share on Friday, October 30th. This represents a $2.15 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Wednesday, October 21st.

First Trust Municipal High Income ETF Price Performance

FMHI stock traded down $0.08 during midday trading on Wednesday, reaching $45.39. The company’s stock had a trading volume of 177,942 shares, compared to its average volume of 152,983. First Trust Municipal High Income ETF has a 52 week low of $44.34 and a 52 week high of $48.73. The business’s 50-day simple moving average is $46.20 and its 200-day simple moving average is $47.43.

Institutional Investors Weigh In On First Trust Municipal High Income ETF

Several institutional investors have recently added to or reduced their stakes in FMHI. Glen Eagle Advisors LLC bought a new position in First Trust Municipal High Income ETF in the first quarter valued at about $91,000. Parallel Advisors LLC bought a new position in shares of First Trust Municipal High Income ETF in the first quarter valued at approximately $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 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 worth $217,000 after acquiring an additional 2,700 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in First Trust Municipal High Income ETF during the second quarter worth $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.