First Trust Municipal High Income ETF (NASDAQ:FMHI) Sees Strong Trading Volume – Time to Buy?

First Trust Municipal High Income ETF (NASDAQ:FMHI) shares saw an uptick in trading volume on Monday . 29,685 shares changed hands during trading, a decline of 58% from the previous session’s volume of 70,753 shares.The stock last traded at $48.90 and had previously closed at $48.73.

First Trust Municipal High Income ETF Stock Up 0.2 %

The stock’s fifty day moving average price is $49.01 and its 200-day moving average price is $48.74.

First Trust Municipal High Income ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be issued a $0.163 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date is Thursday, November 21st.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. increased its holdings in First Trust Municipal High Income ETF by 11.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 10,353 shares of the company’s stock valued at $500,000 after acquiring an additional 1,024 shares in the last quarter. Summit Wealth Partners LLC lifted its stake in First Trust Municipal High Income ETF by 5.5% in the 2nd quarter. Summit Wealth Partners LLC now owns 11,848 shares of the company’s stock valued at $572,000 after buying an additional 620 shares in the last quarter. RFG Advisory LLC grew its holdings in First Trust Municipal High Income ETF by 55.7% during the 2nd quarter. RFG Advisory LLC now owns 29,089 shares of the company’s stock valued at $1,406,000 after buying an additional 10,404 shares during the last quarter. Financial Partners Group Inc increased its position in First Trust Municipal High Income ETF by 10.4% during the second quarter. Financial Partners Group Inc now owns 219,361 shares of the company’s stock worth $10,600,000 after buying an additional 20,649 shares in the last quarter. Finally, Ameritas Advisory Services LLC raised its holdings in shares of First Trust Municipal High Income ETF by 6.7% in the second quarter. Ameritas Advisory Services LLC now owns 7,615 shares of the company’s stock worth $368,000 after acquiring an additional 480 shares during the last quarter.

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.