First Trust Municipal High Income ETF (FMHI) to Issue Monthly Dividend of $0.18 on February 27th

First Trust Municipal High Income ETF (NASDAQ:FMHI) announced a monthly dividend on Thursday, February 19th. Stockholders of record on Friday, February 20th will be paid a dividend of 0.175 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, February 20th. This is a 0.6% increase from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17.

First Trust Municipal High Income ETF Price Performance

FMHI opened at $48.38 on Friday. The business has a fifty day simple moving average of $48.08 and a 200-day simple moving average of $47.67. First Trust Municipal High Income ETF has a fifty-two week low of $44.80 and a fifty-two week high of $49.05.

Hedge Funds Weigh In On First Trust Municipal High Income ETF

A number of institutional investors have recently bought and sold shares of FMHI. Evolution Wealth Management Inc. purchased a new stake in First Trust Municipal High Income ETF during the second quarter valued at about $27,000. Farther Finance Advisors LLC raised its holdings in shares of First Trust Municipal High Income ETF by 21.3% during the third quarter. Farther Finance Advisors LLC now owns 1,207 shares of the company’s stock valued at $57,000 after acquiring an additional 212 shares during the period. Camelot Portfolios LLC acquired a new stake in shares of First Trust Municipal High Income ETF during the fourth quarter valued at approximately $96,000. Hughes Financial Services LLC lifted its position in shares of First Trust Municipal High Income ETF by 25.7% in the 3rd quarter. Hughes Financial Services LLC now owns 3,074 shares of the company’s stock valued at $148,000 after acquiring an additional 629 shares in the last quarter. Finally, CoreCap Advisors LLC boosted its stake in First Trust Municipal High Income ETF by 243.8% in the 4th quarter. CoreCap Advisors LLC now owns 3,792 shares of the company’s stock worth $182,000 after purchasing an additional 2,689 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.