First Trust Municipal High Income ETF (NASDAQ:FMHI) Sees Large Volume Increase

First Trust Municipal High Income ETF (NASDAQ:FMHI) saw strong trading volume on Friday . 69,722 shares changed hands during trading, an increase of 1% from the previous session’s volume of 68,818 shares.The stock last traded at $47.65 and had previously closed at $47.64.

First Trust Municipal High Income ETF Stock Performance

The company’s 50-day simple moving average is $47.89 and its 200-day simple moving average is $47.12.

First Trust Municipal High Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 24th were given a dividend of $0.159 per share. The ex-dividend date was Tuesday, April 23rd. This represents a $1.91 dividend on an annualized basis and a yield of 4.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Principal Securities Inc. acquired a new position in shares of First Trust Municipal High Income ETF during the 4th quarter worth $48,000. Gradient Investments LLC increased its holdings in First Trust Municipal High Income ETF by 397.6% in the third quarter. Gradient Investments LLC now owns 1,020 shares of the company’s stock valued at $46,000 after buying an additional 815 shares in the last quarter. Creekmur Asset Management LLC purchased a new position in First Trust Municipal High Income ETF in the fourth quarter valued at about $53,000. Westside Investment Management Inc. boosted its stake in shares of First Trust Municipal High Income ETF by 66.7% during the 1st quarter. Westside Investment Management Inc. now owns 2,500 shares of the company’s stock worth $120,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC purchased a new stake in shares of First Trust Municipal High Income ETF during the 4th quarter worth approximately $200,000.

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.