NASDAQ:FMHI

First Trust Municipal High Income ETF (FMHI) Price, Holdings, & News

$47.70
+0.05 (+0.10%)
(As of 04/22/2024 ET)
Today's Range
$47.61
$47.71
50-Day Range
$47.48
$48.30
52-Week Range
$43.88
$48.37
Volume
108,873 shs
Average Volume
71,811 shs
Market Capitalization
$596.25 million
Assets Under Management
$595.00 million
Dividend Yield
3.92%
Net Expense Ratio
0.70%
FMHI stock logo

About First Trust Municipal High Income ETF (NASDAQ:FMHI)

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.

FMHI Stock Price History

FMHI ETF News Headlines

First Trust Municipal High Income ETF (FMHI)
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Time to Buy Muni Bond ETFs?
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See More Headlines
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Fund Details

Issuer
First Trust
Fund Name
First Trust Municipal High Income ETF
Tax Classification
Regulated Investment Company
Current Symbol
NASDAQ:FMHI
Inception Date
11/1/2017
Fund Manager
Tom Byron, Johnathan Wilhelm
Web
N/A

Fund Focus

Asset Class
Fixed Income
Benchmark
N/A
Category
Municipals
Focus
Broad Municipals
Development Level
Developed Markets
Region
North America
Number of Holdings
493

Fund Statistics

Assets Under Management
$595.00 million
Average Daily Volume
$74,494.50
Discount/Premium
0.02%

Administrator, Advisor and Custodian

Administrator
The Bank of New York Mellon Corporation
Advisor
First Trust Advisors L.P.
Custodian
The Bank of New York Mellon Corporation
Distributor
First Trust Portfolios L.P.
Transfer Agent
The Bank of New York Mellon Corporation
Trustee
N/A
Lead Market Maker
RBC Capital Markets

Options

Optionable
N/A
Short Interest
23,200 shs

Miscellaneous

Beta
0.11
Creation Unit
50,000
Creation Fee
$500.00
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First Trust Municipal High Income ETF Expenses

TypeFMHIBroad Municipals ETFsFixed Income ETFsNASDAQ ETFsAll ETFs
Management Fee0.70%0.33%0.32%0.48%0.51%
Other Expenses0.00%0.47%0.28%0.34%0.58%
Total Expense0.70%0.44%0.40%0.58%0.70%
Fee Waiver0.00%-0.32%-0.24%-0.22%-0.57%
Net Expense0.70%0.37%0.35%0.54%0.58%

First Trust Municipal High Income ETF (FMHI) Holdings & Exposure

Top 10 FMHI Holdings

  • BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%
    Holding Weight: 1.75%
  • MEADE CNTY KY INDL BLDG REV 4.73%
    Holding Weight: 1.32%
  • MISSISSIPPI BUSINESS FIN CORP MISS SOLID WASTE DISP REV 4.55%
    Holding Weight: 1.01%
  • PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329%
    Holding Weight: 0.78%
  • BURKE CNTY GA DEV AUTH POLLUTN CTL REV 4.5%
    Holding Weight: 0.77%
  • SPRING VY CMNTY INFRASTRUCTURE DIST NO 1 IDAHO SPL ASSMT 6.25%
    Holding Weight: 0.71%
  • NEW YORK TRANSN DEV CORP SPL FAC REV 5.25%
    Holding Weight: 0.68%
  • TEXAS MUN GAS ACQUISITION & SUPPLY CORP IV GAS SUPPLY REV 5.5%
    Holding Weight: 0.67%
  • CHICAGO ILL BRD ED 5%
    Holding Weight: 0.64%
  • MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%
    Holding Weight: 0.63%

FMHI Sector Exposure

FMHI Industry Exposure


FMHI ETF - Frequently Asked Questions

How have FMHI shares performed in 2024?

First Trust Municipal High Income ETF's stock was trading at $47.68 at the beginning of 2024. Since then, FMHI stock has decreased by 0.0% and is now trading at $47.66.
View the best growth stocks for 2024 here
.

Are investors shorting First Trust Municipal High Income ETF?

First Trust Municipal High Income ETF saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 23,200 shares, a decline of 77.6% from the March 15th total of 103,500 shares. Based on an average trading volume of 70,000 shares, the short-interest ratio is currently 0.3 days.
View First Trust Municipal High Income ETF's Short Interest
.

How often does First Trust Municipal High Income ETF pay dividends? What is the dividend yield for First Trust Municipal High Income ETF?

First Trust Municipal High Income ETF declared a monthly dividend on Wednesday, March 20th. Shareholders of record on Friday, March 22nd will be given a dividend of $0.159 per share on Thursday, March 28th. This represents a $1.91 annualized dividend and a dividend yield of 4.00%. The ex-dividend date is Thursday, March 21st. This is an increase from the stock's previous monthly dividend of $0.16.
Read our dividend analysis for FMHI
.

What does FMHI invest in?

First Trust Municipal High Income ETF is a fixed income fund issued by First Trust. FMHI focuses on broad municipals investments. The fund's investments total to approximately $595.00 million assets under management.

What is the management fee for First Trust Municipal High Income ETF?

First Trust Municipal High Income ETF's management fee is 0.70% and has no other recorded expenses or fee waivers. The net expense ratio for FMHI is 0.70%.

What other stocks do shareholders of First Trust Municipal High Income ETF own?

Based on aggregate information from My MarketBeat watchlists, some companies that other First Trust Municipal High Income ETF investors own include Berkshire Hathaway (BRK.B), BT Group (BT), Boardwalk REIT (BEI.UN), Boeing (BA), Barnes Group (B), Arrow Global Group (ARWGF), AO World (AOWDF), Abercrombie & Fitch (ANF), Align Technology (ALGN) and Adobe (ADBE).

Who are First Trust Municipal High Income ETF's major shareholders?

First Trust Municipal High Income ETF's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Wealth Enhancement Advisory Services LLC (11.33%), Raymond James & Associates (0.91%), Rockland Trust Co. (0.60%), MBL Wealth LLC (0.52%), Cornerstone Wealth Management LLC (0.51%) and GSG Advisors LLC (0.31%).

How do I buy shares of First Trust Municipal High Income ETF?

Shares of FMHI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:FMHI) was last updated on 4/22/2024 by MarketBeat.com Staff

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