First Trust Municipal High Income ETF (NASDAQ:FMHI) Sees Large Volume Increase – Here’s Why

First Trust Municipal High Income ETF (NASDAQ:FMHI) shares saw unusually-strong trading volume on Monday . Approximately 81,367 shares were traded during trading, an increase of 8% from the previous session’s volume of 75,351 shares.The stock last traded at $48.21 and had previously closed at $48.28.

First Trust Municipal High Income ETF Stock Down 0.1 %

The company has a 50 day moving average price of $48.44 and a 200 day moving average price of $48.71.

First Trust Municipal High Income ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a dividend of $0.163 per share. This represents a $1.96 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend was Friday, February 21st.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FMHI. Great Valley Advisor Group Inc. raised its stake in shares of First Trust Municipal High Income ETF by 1.1% in the third quarter. Great Valley Advisor Group Inc. now owns 19,639 shares of the company’s stock valued at $970,000 after acquiring an additional 209 shares in the last quarter. Larson Financial Group LLC acquired a new stake in First Trust Municipal High Income ETF in the 3rd quarter valued at about $92,000. D.A. Davidson & CO. increased its stake in shares of First Trust Municipal High Income ETF by 22.3% during the third quarter. D.A. Davidson & CO. now owns 43,583 shares of the company’s stock worth $2,153,000 after buying an additional 7,933 shares during the period. Rockefeller Capital Management L.P. grew its holdings in First Trust Municipal High Income ETF by 8.9% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 17,341 shares of the company’s stock worth $855,000 after acquiring an additional 1,416 shares in the last quarter. Finally, Benjamin Edwards Inc. raised its holdings in shares of First Trust Municipal High Income ETF by 293.3% in the 3rd quarter. Benjamin Edwards Inc. now owns 7,531 shares of the company’s stock valued at $372,000 after purchasing an additional 5,616 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.