First Trust Municipal High Income ETF (NASDAQ:FMHI) Sets New 1-Year High at $49.48

First Trust Municipal High Income ETF (NASDAQ:FMHI)’s stock price hit 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. The stock had previously closed at $49.40.

First Trust Municipal High Income ETF Stock Performance

The stock’s 50 day moving average is $49.09 and its two-hundred day moving average is $48.44.

First Trust Municipal High Income ETF Announces Dividend

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

Institutional Investors Weigh In On First Trust Municipal High Income ETF

A number of institutional investors have recently made changes to their positions in FMHI. Summit Wealth Partners LLC lifted its stake in First Trust Municipal High Income ETF by 5.5% in the second 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 during the period. Sanctuary Advisors LLC acquired a new stake in shares of First Trust Municipal High Income ETF in the 2nd quarter valued at approximately $365,000. Cetera Investment Advisers boosted its stake in First Trust Municipal High Income ETF by 10.3% during the 2nd quarter. Cetera Investment Advisers now owns 161,055 shares of the company’s stock worth $7,782,000 after acquiring an additional 15,100 shares during the last quarter. Truist Financial Corp grew its holdings in First Trust Municipal High Income ETF by 1.8% during the second quarter. Truist Financial Corp now owns 13,605 shares of the company’s stock valued at $657,000 after purchasing an additional 243 shares during the period. Finally, B. Riley Wealth Advisors Inc. bought a new stake in First Trust Municipal High Income ETF in the second quarter valued at approximately $279,000.

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.