First Trust Municipal High Income ETF (NASDAQ:FMHI) Trading Down 1.8% – Here’s Why

by · The Cerbat Gem

Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI – Get Free Report) fell 1.8% during mid-day trading on Wednesday . The company traded as low as $44.80 and last traded at $45.65. 206,247 shares were traded during trading, an increase of 117% from the average session volume of 95,025 shares. The stock had previously closed at $46.48.

First Trust Municipal High Income ETF Stock Performance

The company’s 50 day moving average is $48.12 and its 200 day moving average is $48.49.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a dividend of $0.163 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 4.26%.

Institutional Investors Weigh In On First Trust Municipal High Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of FMHI. Integrated Wealth Concepts LLC boosted its position in shares of First Trust Municipal High Income ETF by 3.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 9,063 shares of the company’s stock valued at $448,000 after acquiring an additional 302 shares in the last quarter. Stifel Financial Corp lifted its stake in First Trust Municipal High Income ETF by 244.8% during the third quarter. Stifel Financial Corp now owns 21,154 shares of the company’s stock worth $1,045,000 after purchasing an additional 15,019 shares during the period. Jane Street Group LLC grew its stake in shares of First Trust Municipal High Income ETF by 93.4% in the 3rd quarter. Jane Street Group LLC now owns 66,694 shares of the company’s stock valued at $3,295,000 after purchasing an additional 32,213 shares during the period. Orion Portfolio Solutions LLC grew its stake in shares of First Trust Municipal High Income ETF by 38.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,918 shares of the company’s stock valued at $935,000 after purchasing an additional 5,269 shares during the period. Finally, MML Investors Services LLC raised its holdings in shares of First Trust Municipal High Income ETF by 9.2% in the 3rd quarter. MML Investors Services LLC now owns 92,224 shares of the company’s stock worth $4,556,000 after buying an additional 7,740 shares in 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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