FMHI
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First Trust Municipal High Income Etf
46.682
-0.018 (-0.04%)
Last Update: 01 Jul 2025 23:15:00
Yesterday: 46.7
Day's Range: 46.67 - 46.86
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When Written:
46.9
The First Trust Municipal High Income ETF (FMHI) is an exchange-traded fund that invests in a diversified portfolio of high-yield municipal bonds issued by state and local governments in the United States. The fund seeks to provide investors with a high level of tax-free income, while also offering the potential for capital appreciation.
FMHI is managed by First Trust Advisors, a leading investment firm that specializes in creating innovative investment solutions for investors. The fund has an expense ratio of 0.50% and a net asset value of $1.1 billion as of June 2021.
The portfolio of FMHI consists of bonds that are rated below investment grade or unrated, but the fund aims to mitigate the credit risk by investing in a diversified portfolio of bonds from different issuers and sectors. The fund also employs a duration management strategy to minimize the impact of interest rate changes on the portfolio.
FMHI pays a monthly dividend, which is currently yielding around 4.6% as of June 2021. The fund is traded on the NASDAQ exchange and can be bought and sold like any other publicly traded stock.
Overall, FMHI may be a suitable investment option for income-oriented investors who are looking for tax-free income and are willing to accept the higher credit risk associated with high-yield municipal bonds. However, investors should carefully evaluate the risks and benefits of the fund before investing.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
FMHI is managed by First Trust Advisors, a leading investment firm that specializes in creating innovative investment solutions for investors. The fund has an expense ratio of 0.50% and a net asset value of $1.1 billion as of June 2021.
The portfolio of FMHI consists of bonds that are rated below investment grade or unrated, but the fund aims to mitigate the credit risk by investing in a diversified portfolio of bonds from different issuers and sectors. The fund also employs a duration management strategy to minimize the impact of interest rate changes on the portfolio.
FMHI pays a monthly dividend, which is currently yielding around 4.6% as of June 2021. The fund is traded on the NASDAQ exchange and can be bought and sold like any other publicly traded stock.
Overall, FMHI may be a suitable investment option for income-oriented investors who are looking for tax-free income and are willing to accept the higher credit risk associated with high-yield municipal bonds. However, investors should carefully evaluate the risks and benefits of the fund before investing.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
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