First Trust Municipal High Income ETF Announces Monthly Dividend of $0.16 (NASDAQ:FMHI)

First Trust Municipal High Income ETF (NASDAQ:FMHI) announced a monthly dividend on Monday, October 21st, NASDAQ reports. Stockholders of record on Tuesday, October 22nd will be given a dividend of 0.163 per share on Thursday, October 31st. This represents a $1.96 annualized dividend and a dividend yield of 4.01%. The ex-dividend date is Tuesday, October 22nd.

First Trust Municipal High Income ETF Stock Down 0.5 %

Shares of FMHI stock traded down $0.25 during mid-day trading on Tuesday, hitting $48.83. The stock had a trading volume of 44,007 shares, compared to its average volume of 66,909. First Trust Municipal High Income ETF has a fifty-two week low of $43.88 and a fifty-two week high of $49.51. The company’s 50-day simple moving average is $49.19 and its 200-day simple moving average is $48.56.

About First Trust Municipal High Income ETF

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.