First Trust Municipal High Income ETF (NASDAQ:FMHI) Sees Strong Trading Volume – What’s Next?

First Trust Municipal High Income ETF (NASDAQ:FMHI) shares saw unusually-high trading volume on Wednesday . 78,241 shares were traded during mid-day trading, a decline of 31% from the previous session’s volume of 112,760 shares.The stock last traded at $48.41 and had previously closed at $48.58.

First Trust Municipal High Income ETF Trading Down 0.1%

The company has a fifty day moving average price of $48.20 and a 200 day moving average price of $48.12.

First Trust Municipal High Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.177 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This is an increase from First Trust Municipal High Income ETF’s previous dividend of $0.18.

Institutional Investors Weigh In On First Trust Municipal High Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Glen Eagle Advisors LLC bought a new position in First Trust Municipal High Income ETF in the 1st quarter valued at about $91,000. Camelot Portfolios LLC bought a new stake in First Trust Municipal High Income ETF during the 4th quarter worth approximately $96,000. Hughes Financial Services LLC raised its stake in shares of First Trust Municipal High Income ETF by 25.7% in the third quarter. Hughes Financial Services LLC now owns 3,074 shares of the company’s stock worth $148,000 after purchasing an additional 629 shares during the last quarter. Parallel Advisors LLC purchased a new stake in shares of First Trust Municipal High Income ETF in the first quarter worth approximately $161,000. Finally, Western Wealth Management LLC bought a new position in shares of First Trust Municipal High Income ETF in the first quarter valued at approximately $162,000.

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.