First Trust Municipal High Income ETF (NASDAQ:FMHI) Sees Unusually-High Trading Volume – Here’s Why

First Trust Municipal High Income ETF (NASDAQ:FMHI) saw unusually-strong trading volume on Monday . Approximately 29,685 shares were traded during trading, a decline of 58% from the previous session’s volume of 70,753 shares.The stock last traded at $48.90 and had previously closed at $48.73.

First Trust Municipal High Income ETF Stock Performance

The business’s 50 day moving average is $49.01 and its 200 day moving average is $48.74.

First Trust Municipal High Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be paid a dividend of $0.163 per share. This represents a $1.96 annualized dividend and a yield of 4.01%. The ex-dividend date is Thursday, November 21st.

Hedge Funds Weigh In On First Trust Municipal High Income ETF

Several hedge funds have recently added to or reduced their stakes in FMHI. Rothschild Investment LLC acquired a new position in shares of First Trust Municipal High Income ETF in the 2nd quarter valued at $30,000. Larson Financial Group LLC acquired a new stake in shares of First Trust Municipal High Income ETF during the third quarter worth about $92,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of First Trust Municipal High Income ETF in the 3rd quarter valued at about $109,000. International Assets Investment Management LLC purchased a new stake in shares of First Trust Municipal High Income ETF in the 2nd quarter valued at about $184,000. Finally, Mach 1 Financial Group LLC acquired a new stake in shares of First Trust Municipal High Income ETF in the 3rd quarter valued at about $204,000.

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.