First Trust Municipal High Income ETF (NASDAQ:FMHI) to Issue Dividend of $0.18

First Trust Municipal High Income ETF (NASDAQ:FMHI) declared a dividend on Monday, July 20th, NASDAQ Dividends reports. Investors of record on Tuesday, July 21st will be given a dividend of 0.177 per share on Friday, July 31st. The ex-dividend date is Tuesday, July 21st.

First Trust Municipal High Income ETF Stock Down 0.4%

First Trust Municipal High Income ETF stock traded down $0.21 during midday trading on Tuesday, reaching $47.98. The stock had a trading volume of 172,240 shares, compared to its average volume of 112,657. The firm’s fifty day simple moving average is $48.24 and its 200-day simple moving average is $48.15. First Trust Municipal High Income ETF has a 1-year low of $45.83 and a 1-year high of $48.73.

Institutional Trading of First Trust Municipal High Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Glen Eagle Advisors LLC acquired a new position in First Trust Municipal High Income ETF during the first quarter worth $91,000. Camelot Portfolios LLC acquired a new stake in First Trust Municipal High Income ETF in the 4th quarter valued at $96,000. Parallel Advisors LLC bought a new stake in First Trust Municipal High Income ETF during the 1st quarter worth about $161,000. Western Wealth Management LLC bought a new stake in First Trust Municipal High Income ETF during the 1st quarter worth about $162,000. Finally, CoreCap Advisors LLC lifted its position in First Trust Municipal High Income ETF by 243.8% during the 4th quarter. CoreCap Advisors LLC now owns 3,792 shares of the company’s stock worth $182,000 after buying an additional 2,689 shares in the last quarter.

About First Trust Municipal High Income ETF

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.