First Trust Municipal Etf Profile
| FMHI Etf | USD 48.49 0.03 0.06% |
PerformanceVery Weak
| Odds Of DistressLow
|
First Trust is trading at 48.49 as of the 17th of February 2025. This is a 0.06 percent increase since the beginning of the trading day. The etf's open price was 48.46. First Trust has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. The performance scores are derived for the period starting the 28th of February 2023 and ending today, the 17th of February 2025. Click here to learn more.
Under normal market conditions, the fund seeks to achieve its investment objectives by investing at least 80 percent of its net assets in municipal debt securities that pay interest that is exempt from regular federal income taxes. FT Municipal is traded on NASDAQ Exchange in the United States.. More on First Trust Municipal
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First Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Broad Municipals ETFs, Municipals ETFs, High Yield Muni, First Trust (View all Sectors) |
| Issuer | First Trust |
| Inception Date | 2017-11-01 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 780.51 Million |
| Average Trading Valume | 93,848 |
| Asset Type | Fixed Income |
| Category | Municipals |
| Focus | Broad Municipals |
| Market Concentration | Developed Markets |
| Region | North America |
| 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. |
| Portfolio Manager | Tom Byron, Johnathan Wilhelm |
| Transfer Agent | The Bank of New York Mellon Corporation |
| Fiscal Year End | 31-Jul |
| Exchange | NASDAQ |
| Number of Constituents | 601 |
| Market Maker | RBC Capital Markets |
| Total Expense | 0.7 |
| Management Fee | 0.7 |
| Country Name | USA |
| Returns Y T D | 0.75 |
| Name | First Trust Municipal High Income ETF |
| Currency Code | USD |
| Open Figi | BBG00J3TCPQ4 |
| In Threey Volatility | 8.32 |
| 1y Volatility | 3.63 |
| 200 Day M A | 48.6563 |
| 50 Day M A | 48.4675 |
| Code | FMHI |
| Updated At | 16th of February 2025 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.49) |
First Trust Municipal [FMHI] is traded in USA and was established 2017-11-02. The fund is listed under High Yield Muni category and is part of First Trust family. The entity is thematically classified as Broad Municipals ETFs. First Trust Municipal currently have 305.31 M in assets under management (AUM). , while the total return for the last 3 years was 0.4%.
Check First Trust Probability Of Bankruptcy
First Trust Municipal Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in First Trust. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.02) |
First Trust Against Markets
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Trust Municipal. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
The market value of First Trust Municipal is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Trust's value that differs from its market value or its book value, called intrinsic value, which is First Trust's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Trust's market value can be influenced by many factors that don't directly affect First Trust's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Trust's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.