First Trust Municipal High Income ETF (NASDAQ:FMHI) Sees Large Volume Increase – Here’s What Happened

First Trust Municipal High Income ETF (NASDAQ:FMHI) shares saw strong trading volume on Monday . 81,367 shares were traded during mid-day trading, an increase of 8% from the previous session’s volume of 75,351 shares.The stock last traded at $48.21 and had previously closed at $48.28.

First Trust Municipal High Income ETF Stock Down 0.1 %

The business has a fifty day simple moving average of $48.44 and a two-hundred day simple moving average of $48.71.

First Trust Municipal High Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a dividend of $0.163 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.96 dividend on an annualized basis and a yield of 4.07%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FMHI. Great Valley Advisor Group Inc. increased its holdings in shares of First Trust Municipal High Income ETF by 1.1% in the third quarter. Great Valley Advisor Group Inc. now owns 19,639 shares of the company’s stock valued at $970,000 after purchasing an additional 209 shares during the last quarter. Flagstar Advisors Inc. raised its holdings in shares of First Trust Municipal High Income ETF by 0.7% during the 4th quarter. Flagstar Advisors Inc. now owns 28,975 shares of the company’s stock worth $1,399,000 after acquiring an additional 212 shares during the period. Nations Financial Group Inc. IA ADV boosted its position in shares of First Trust Municipal High Income ETF by 1.7% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 14,815 shares of the company’s stock valued at $715,000 after acquiring an additional 250 shares during the last quarter. Boyd Wealth Management LLC grew its holdings in shares of First Trust Municipal High Income ETF by 1.5% in the fourth quarter. Boyd Wealth Management LLC now owns 18,492 shares of the company’s stock valued at $893,000 after purchasing an additional 271 shares during the period. Finally, Integrated Wealth Concepts LLC raised its stake in First Trust Municipal High Income ETF by 3.4% during the third quarter. Integrated Wealth Concepts LLC now owns 9,063 shares of the company’s stock worth $448,000 after purchasing an additional 302 shares during the period.

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.