First Trust Municipal High Income ETF (NASDAQ:FMHI) Hits New 12-Month High at $49.48

First Trust Municipal High Income ETF (NASDAQ:FMHI) reached a new 52-week high during trading on Tuesday . The stock traded as high as $49.48 and last traded at $49.47, with a volume of 3565 shares trading hands. The stock had previously closed at $49.40.

First Trust Municipal High Income ETF Stock Performance

The business has a 50-day simple moving average of $49.09 and a two-hundred day simple moving average of $48.44.

First Trust Municipal High Income ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.163 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.96%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FMHI. Wealth Enhancement Advisory Services LLC raised its stake in shares of First Trust Municipal High Income ETF by 2.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,462,268 shares of the company’s stock worth $70,657,000 after purchasing an additional 34,159 shares in the last quarter. LPL Financial LLC grew its position in shares of First Trust Municipal High Income ETF by 8.4% in the 2nd quarter. LPL Financial LLC now owns 807,272 shares of the company’s stock valued at $39,007,000 after acquiring an additional 62,570 shares during the period. Financial Partners Group Inc increased its stake in shares of First Trust Municipal High Income ETF by 10.4% during the 2nd quarter. Financial Partners Group Inc now owns 219,361 shares of the company’s stock worth $10,600,000 after purchasing an additional 20,649 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of First Trust Municipal High Income ETF by 561.0% in the 2nd quarter. NewEdge Advisors LLC now owns 188,505 shares of the company’s stock valued at $9,109,000 after purchasing an additional 159,987 shares during the period. Finally, Manhattan West Asset Management LLC lifted its stake in First Trust Municipal High Income ETF by 6.6% in the 1st quarter. Manhattan West Asset Management LLC now owns 181,057 shares of the company’s stock valued at $8,723,000 after purchasing an additional 11,236 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.