First Trust Municipal High Income ETF (NASDAQ:FMHI) Reaches New 1-Year Low – Here’s Why

by · The Cerbat Gem

First Trust Municipal High Income ETF (NASDAQ:FMHI – Get Free Report) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $46.73 and last traded at $46.85, with a volume of 16372 shares changing hands. The stock had previously closed at $46.83.

First Trust Municipal High Income ETF Stock Performance

The firm has a 50-day moving average price of $47.80 and a two-hundred day moving average price of $48.00.

First Trust Municipal High Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were issued a dividend of $0.178 per share. The ex-dividend date of this dividend was Friday, August 21st. This is an increase from First Trust Municipal High Income ETF’s previous monthly dividend of $0.18. This represents a c) dividend on an annualized basis and a yield of 4.6%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FMHI. Ameritas Advisory Services LLC acquired a new stake in First Trust Municipal High Income ETF during the 2nd quarter worth $1,243,000. Concurrent Investment Advisors LLC grew its holdings in shares of First Trust Municipal High Income ETF by 112.9% during the second quarter. Concurrent Investment Advisors LLC now owns 33,984 shares of the company’s stock worth $1,648,000 after purchasing an additional 18,020 shares during the last quarter. Triumph Capital Management increased its position in shares of 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 purchasing an additional 2,700 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of First Trust Municipal High Income ETF during the second quarter worth about $235,000. Finally, Dynamic Advisor Solutions LLC lifted its holdings in shares of First Trust Municipal High Income ETF by 3.1% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 8,335 shares of the company’s stock valued at $404,000 after purchasing an additional 252 shares during the last quarter.

First Trust Municipal High Income ETF Company Profile

(Get Free Report)

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.

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