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

$46.46
-0.21 (-0.45%)
(As of 02:56 PM ET)
Compare
Today's Range
$46.40
$46.68
50-Day Range
$43.98
$46.67
52-Week Range
$43.88
$48.08
Volume
124,362 shs
Average Volume
86,412 shs
Market Capitalization
$476.22 million
Assets Under Management
$495.44 million
Dividend Yield
3.96%
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

Time to Buy Muni Bond ETFs?
Is This The Most Overlooked Gold Investment Strategy of 2024?
There is little debate on the potential of gold in the next year and decade. The real issue becomes - what's the best gold investment strategy today? Some investors are opting for a unique "royalty" alternative that outshines other options like holding gold bullion or investing in volatile mining stocks.
Is This The Most Overlooked Gold Investment Strategy of 2024?
There is little debate on the potential of gold in the next year and decade. The real issue becomes - what's the best gold investment strategy today? Some investors are opting for a unique "royalty" alternative that outshines other options like holding gold bullion or investing in volatile mining stocks.
See More Headlines
Receive FMHI Stock News and Ratings via Email

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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
446

Fund Statistics

Assets Under Management
$495.44 million
Average Daily Volume
$169,067.80
Discount/Premium
-0.13%

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
Old Mission

Options

Optionable
N/A
Short Interest
20,200 shs

Miscellaneous

Beta
0.22
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%0.47%0.50%
Other Expenses0.00%0.47%0.28%0.29%0.57%
Total Expense0.70%0.44%0.40%0.55%0.69%
Fee Waiver0.00%-0.30%-0.25%-0.21%-0.57%
Net Expense0.70%0.37%0.35%0.51%0.57%

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

Top 10 FMHI Holdings

  • BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%
    Holding Weight: 1.57%
  • MEADE CNTY KY INDL BLDG REV 3%
    Holding Weight: 1.49%
  • Us Dollars
    Holding Weight: 1.07%
  • BURKE CNTY GA DEV AUTH POLLUTN CTL REV 2.65%
    Holding Weight: 1.06%
  • CHICAGO ILL BRD ED 5%
    Holding Weight: 0.97%
  • IOWA FIN AUTH MIDWESTERN DISASTER AREA REV 5%
    Holding Weight: 0.81%
  • MISSISSIPPI BUSINESS FIN CORP MISS SOLID WASTE DISP REV 3%
    Holding Weight: 0.80%
  • NEW YORK N Y CITY INDL DEV AGY REV 3%
    Holding Weight: 0.80%
  • ARKANSAS ST DEV FIN AUTH ENVIRONMENTAL IMPT REV 5.45%
    Holding Weight: 0.78%
  • CONNECTICUT ST HEALTH & EDL FACS AUTH REV 5%
    Holding Weight: 0.73%

FMHI Sector Exposure

FMHI Industry Exposure















FMHI ETF - Frequently Asked Questions

How have FMHI shares performed in 2023?

First Trust Municipal High Income ETF's stock was trading at $46.29 on January 1st, 2023. Since then, FMHI stock has increased by 0.4% and is now trading at $46.46.
View the best growth stocks for 2023 here
.

Are investors shorting First Trust Municipal High Income ETF?

First Trust Municipal High Income ETF saw a decline in short interest in November. As of November 15th, there was short interest totaling 20,200 shares, a decline of 78.3% from the October 31st total of 93,000 shares. Based on an average daily volume of 119,300 shares, the short-interest ratio is currently 0.2 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 announced a monthly dividend on Monday, November 20th. Investors of record on Wednesday, November 22nd will be given a dividend of $0.1575 per share on Thursday, November 30th. This represents a $1.89 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Tuesday, November 21st.
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 $495.44 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 LPL Financial LLC (5.15%), Morgan Stanley (3.80%), Citigroup Inc. (3.11%), Raymond James Financial Services Advisors Inc. (2.83%), RFG Advisory LLC (2.34%) and UBS Group AG (1.72%).

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:FMHI) was last updated on 12/4/2023 by MarketBeat.com Staff

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