First Trust Municipal High Income ETF (NASDAQ:FMHI) Declares Dividend Increase – $0.18 Per Share

First Trust Municipal High Income ETF (NASDAQ:FMHI) announced a monthly dividend on Wednesday, September 23rd. Shareholders of record on Thursday, September 24th will be given a dividend of 0.179 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Thursday, September 24th. This is a 0.6% increase from First Trust Municipal High Income ETF’s previous monthly dividend of $0.18.

First Trust Municipal High Income ETF Stock Down 0.5%

FMHI traded down $0.23 during trading hours on Thursday, reaching $45.58. The company’s stock had a trading volume of 5,089 shares, compared to its average volume of 119,740. First Trust Municipal High Income ETF has a 52 week low of $45.55 and a 52 week high of $48.73. The company’s 50-day moving average is $47.27 and its 200-day moving average is $47.81.

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. Bank of America Corp DE grew its holdings in shares of First Trust Municipal High Income ETF by 23.7% during the 1st quarter. Bank of America Corp DE now owns 798,920 shares of the company’s stock worth $37,981,000 after purchasing an additional 153,170 shares in the last quarter. Meeder Advisory Services Inc. boosted its position in shares of First Trust Municipal High Income ETF by 11.0% during the 1st quarter. Meeder Advisory Services Inc. now owns 542,231 shares of the company’s stock worth $25,778,000 after acquiring an additional 53,886 shares in the last quarter. Cetera Investment Advisers increased its stake in First Trust Municipal High Income ETF by 29.2% in the first quarter. Cetera Investment Advisers now owns 359,142 shares of the company’s stock valued at $17,074,000 after acquiring an additional 81,197 shares during the last quarter. NewEdge Advisors LLC lifted its stake in First Trust Municipal High Income ETF by 10.2% during the second quarter. NewEdge Advisors LLC now owns 296,778 shares of the company’s stock worth $14,391,000 after purchasing an additional 27,555 shares during the last quarter. Finally, SlateStone Wealth LLC boosted its holdings in shares of First Trust Municipal High Income ETF by 10.2% in the 4th quarter. SlateStone Wealth LLC now owns 269,208 shares of the company’s stock valued at $12,904,000 after purchasing an additional 24,889 shares in 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.