First Trust Municipal High Income ETF (NASDAQ:FMHI) Position Increased by Truist Financial Corp

Truist Financial Corp grew its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 1.8% in the second quarter, Holdings Channel.com reports. The firm owned 13,605 shares of the company’s stock after purchasing an additional 243 shares during the period. Truist Financial Corp’s holdings in First Trust Municipal High Income ETF were worth $657,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. acquired a new position in shares of First Trust Municipal High Income ETF during the 2nd quarter worth $279,000. Traction Financial Partners LLC boosted its holdings in First Trust Municipal High Income ETF by 10.0% in the 2nd quarter. Traction Financial Partners LLC now owns 27,500 shares of the company’s stock valued at $1,349,000 after purchasing an additional 2,495 shares during the period. NewEdge Advisors LLC increased its stake in First Trust Municipal High Income ETF by 561.0% during the second quarter. NewEdge Advisors LLC now owns 188,505 shares of the company’s stock valued at $9,109,000 after acquiring an additional 159,987 shares during the period. Perissos Private Wealth Management LLC increased its position in shares of First Trust Municipal High Income ETF by 28.9% during the second quarter. Perissos Private Wealth Management LLC now owns 38,869 shares of the company’s stock valued at $1,878,000 after purchasing an additional 8,717 shares during the period. Finally, J.W. Cole Advisors Inc. bought a new stake in First Trust Municipal High Income ETF in the second quarter valued at about $319,000.

First Trust Municipal High Income ETF Stock Up 0.2 %

Shares of FMHI stock opened at $49.21 on Wednesday. The stock’s fifty day simple moving average is $49.17 and its 200 day simple moving average is $48.53. First Trust Municipal High Income ETF has a one year low of $43.88 and a one year high of $49.51.

First Trust Municipal High Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.163 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.96 dividend on an annualized basis and a yield of 3.97%.

First Trust Municipal High Income ETF 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.