First Trust Municipal High Income ETF (NASDAQ:FMHI) Reaches New 52-Week High at $49.47

First Trust Municipal High Income ETF (NASDAQ:FMHI)’s stock price reached a new 52-week high on Monday . The stock traded as high as $49.47 and last traded at $49.47, with a volume of 959 shares trading hands. The stock had previously closed at $49.26.

First Trust Municipal High Income ETF Price Performance

The stock has a 50-day simple moving average of $48.51 and a 200-day simple moving average of $48.08.

First Trust Municipal High Income ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, July 31st. Investors of record on Tuesday, July 23rd were issued a dividend of $0.163 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend was Tuesday, July 23rd.

Hedge Funds Weigh In On First Trust Municipal High Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FMHI. D.A. Davidson & CO. grew its stake in shares of First Trust Municipal High Income ETF by 1.8% during the fourth quarter. D.A. Davidson & CO. now owns 12,193 shares of the company’s stock worth $581,000 after buying an additional 221 shares during the last quarter. DHJJ Financial Advisors Ltd. boosted its holdings in shares of First Trust Municipal High Income ETF by 2.9% during the 1st quarter. DHJJ Financial Advisors Ltd. now owns 8,127 shares of the company’s stock valued at $392,000 after acquiring an additional 229 shares in the last quarter. ShoreHaven Wealth Partners LLC grew its position in First Trust Municipal High Income ETF by 1.4% during the 2nd quarter. ShoreHaven Wealth Partners LLC now owns 30,477 shares of the company’s stock worth $1,473,000 after acquiring an additional 428 shares during the last quarter. Socha Financial Group LLC grew its position in First Trust Municipal High Income ETF by 2.6% during the 4th quarter. Socha Financial Group LLC now owns 17,903 shares of the company’s stock worth $854,000 after acquiring an additional 457 shares during the last quarter. Finally, Ameritas Advisory Services LLC increased its holdings in First Trust Municipal High Income ETF by 6.7% in the 2nd quarter. Ameritas Advisory Services LLC now owns 7,615 shares of the company’s stock worth $368,000 after purchasing an additional 480 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.