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

First Trust Municipal High Income ETF (NASDAQ:FMHI) shares saw an uptick in trading volume on Monday . 29,685 shares were traded during trading, a decline of 58% from the previous session’s volume of 70,753 shares.The stock last traded at $48.90 and had previously closed at $48.73.

First Trust Municipal High Income ETF Trading Up 0.1 %

The company has a fifty day simple moving average of $49.00 and a two-hundred day simple moving average of $48.75.

First Trust Municipal High Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.163 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date is Thursday, November 21st.

Institutional Investors Weigh In On First Trust Municipal High Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rothschild Investment LLC acquired a new position in First Trust Municipal High Income ETF during the 2nd quarter worth $30,000. Larson Financial Group LLC acquired a new position in shares of First Trust Municipal High Income ETF during the 3rd quarter worth about $92,000. Farmers & Merchants Investments Inc. bought a new stake in First Trust Municipal High Income ETF during the 3rd quarter valued at approximately $109,000. International Assets Investment Management LLC acquired a new stake in First Trust Municipal High Income ETF in the 2nd quarter valued at approximately $184,000. Finally, Mach 1 Financial Group LLC bought a new position in First Trust Municipal High Income ETF in the 3rd quarter worth approximately $204,000.

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.