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

First Trust Municipal High Income ETF (NASDAQ:FMHI) announced a dividend on Wednesday, May 20th, NASDAQ Dividends reports. Stockholders of record on Thursday, May 21st will be paid a dividend of 0.176 per share on Friday, May 29th. The ex-dividend date of this dividend is Thursday, May 21st. This is a 0.6% increase from First Trust Municipal High Income ETF’s previous dividend of $0.18.

First Trust Municipal High Income ETF Stock Down 0.3%

NASDAQ:FMHI traded down $0.14 during mid-day trading on Thursday, hitting $47.63. The stock had a trading volume of 101,181 shares, compared to its average volume of 120,057. The stock has a 50-day simple moving average of $47.95 and a two-hundred day simple moving average of $48.03. First Trust Municipal High Income ETF has a twelve month low of $45.83 and a twelve month high of $48.73.

Institutional Trading of First Trust Municipal High Income ETF

Hedge funds have recently added to or reduced their stakes in the company. Glen Eagle Advisors LLC acquired a new stake in First Trust Municipal High Income ETF in the first quarter valued at approximately $91,000. Camelot Portfolios LLC acquired a new stake in First Trust Municipal High Income ETF in the fourth quarter valued at $96,000. Hughes Financial Services LLC raised its stake in First Trust Municipal High Income ETF by 25.7% in the third quarter. Hughes Financial Services LLC now owns 3,074 shares of the company’s stock valued at $148,000 after buying an additional 629 shares in the last quarter. Parallel Advisors LLC acquired a new stake in First Trust Municipal High Income ETF in the first quarter valued at $161,000. Finally, Western Wealth Management LLC acquired a new stake in First Trust Municipal High Income ETF in the first quarter valued at $162,000.

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.