First Trust Municipal High Income ETF (NASDAQ:FMHI) Sees Unusually-High Trading Volume – Still a Buy?

First Trust Municipal High Income ETF (NASDAQ:FMHI) saw an uptick in trading volume on Tuesday . 116,645 shares changed hands during trading, an increase of 67% from the previous session’s volume of 69,938 shares.The stock last traded at $48.99 and had previously closed at $48.95.

First Trust Municipal High Income ETF Trading Down 0.0 %

The business has a fifty day moving average of $49.05 and a 200 day moving average of $48.71.

First Trust Municipal High Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd were given a dividend of $0.163 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.00%. The ex-dividend date was Tuesday, October 22nd.

Institutional Investors Weigh In On First Trust Municipal High Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Rothschild Investment LLC purchased a new position in shares of First Trust Municipal High Income ETF in the 2nd quarter valued at approximately $30,000. Larson Financial Group LLC purchased a new stake in First Trust Municipal High Income ETF during the third quarter worth $92,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of First Trust Municipal High Income ETF in the third quarter valued at $109,000. International Assets Investment Management LLC purchased a new stake in shares of First Trust Municipal High Income ETF in the second quarter valued at $184,000. Finally, Mach 1 Financial Group LLC purchased a new stake in shares of First Trust Municipal High Income ETF in the third quarter valued at $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.