First Trust Municipal High Income ETF (NASDAQ:FMHI) Sees Unusually-High Trading Volume – What’s Next?

Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) saw an uptick in trading volume on Friday . 230,695 shares traded hands during trading, an increase of 109% from the previous session’s volume of 110,462 shares.The stock last traded at $47.38 and had previously closed at $47.59.

First Trust Municipal High Income ETF Stock Performance

The business’s fifty day moving average price is $48.11 and its 200 day moving average price is $48.10.

First Trust Municipal High Income ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were given a dividend of $0.177 per share. The ex-dividend date of this dividend was Tuesday, July 21st.

Institutional Investors Weigh In On First Trust Municipal High Income ETF

Institutional investors have recently made changes to their positions in the stock. Glen Eagle Advisors LLC acquired a new stake in shares of First Trust Municipal High Income ETF in the first quarter valued at about $91,000. Camelot Portfolios LLC bought a new position in shares of First Trust Municipal High Income ETF during the fourth quarter worth about $96,000. Parallel Advisors LLC acquired a new position in shares of First Trust Municipal High Income ETF in the first quarter worth approximately $161,000. Western Wealth Management LLC acquired a new position in shares of First Trust Municipal High Income ETF in the first quarter worth approximately $162,000. Finally, Triumph Capital Management lifted its stake in shares of First Trust Municipal High Income ETF by 152.1% in the second quarter. Triumph Capital Management now owns 4,475 shares of the company’s stock worth $217,000 after acquiring an additional 2,700 shares during the period.

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.