First Trust Municipal High Income ETF (FMHI) To Go Ex-Dividend on January 24th

First Trust Municipal High Income ETF (NASDAQ:FMHI – Get Rating) declared a monthly dividend on Monday, January 23rd, Zacks reports. Investors of record on Wednesday, January 25th will be paid a dividend of 0.151 per share on Tuesday, January 31st. This represents a $1.81 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend is Tuesday, January 24th.

First Trust Municipal High Income ETF Stock Performance

Shares of First Trust Municipal High Income ETF stock opened at $47.79 on Wednesday. The company’s 50 day moving average is $46.83 and its 200 day moving average is $46.96. First Trust Municipal High Income ETF has a twelve month low of $44.09 and a twelve month high of $54.98.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new position in First Trust Municipal High Income ETF in the third quarter worth approximately $2,783,000. Citadel Advisors LLC bought a new position in First Trust Municipal High Income ETF in the third quarter worth approximately $920,000. Commonwealth Equity Services LLC raised its position in First Trust Municipal High Income ETF by 16.2% in the third quarter. Commonwealth Equity Services LLC now owns 29,016 shares of the company’s stock worth $1,317,000 after acquiring an additional 4,054 shares during the period. UBS Group AG raised its position in First Trust Municipal High Income ETF by 314.7% in the third quarter. UBS Group AG now owns 7,211 shares of the company’s stock worth $328,000 after acquiring an additional 5,472 shares during the period. Finally, Royal Bank of Canada raised its position in First Trust Municipal High Income ETF by 23.1% in the first quarter. Royal Bank of Canada now owns 75,545 shares of the company’s stock worth $3,868,000 after acquiring an additional 14,165 shares during the period.