First Trust Municipal High Income ETF (NASDAQ:FMHI) Hits New 52-Week Low – What’s Next?

First Trust Municipal High Income ETF (NASDAQ:FMHI)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $46.49 and last traded at $47.00, with a volume of 493551 shares. The stock had previously closed at $48.26.

First Trust Municipal High Income ETF Trading Down 0.2 %

The business’s fifty day simple moving average is $48.21 and its 200-day simple moving average is $48.54.

First Trust Municipal High Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.163 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.22%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FMHI. Creative Financial Designs Inc. ADV grew its stake in shares of First Trust Municipal High Income ETF by 187.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 868 shares of the company’s stock valued at $42,000 after buying an additional 566 shares during the last quarter. Coppell Advisory Solutions LLC grew its stake in shares of First Trust Municipal High Income ETF by 180.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,293 shares of the company’s stock valued at $62,000 after buying an additional 832 shares during the last quarter. Duncker Streett & Co. Inc. bought a new position in shares of First Trust Municipal High Income ETF during the fourth quarter valued at about $67,000. Synergy Investment Management LLC bought a new position in shares of First Trust Municipal High Income ETF during the fourth quarter valued at about $124,000. Finally, Larson Financial Group LLC grew its stake in shares of First Trust Municipal High Income ETF by 105.0% during the fourth quarter. Larson Financial Group LLC now owns 3,803 shares of the company’s stock valued at $184,000 after buying an additional 1,948 shares during 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.