First Trust Municipal High Income ETF (NASDAQ:FMHI) to Issue $0.16 Monthly Dividend

First Trust Municipal High Income ETF (NASDAQ:FMHI) declared a monthly dividend on Wednesday, November 20th,NASDAQ Dividends reports. Investors of record on Thursday, November 21st will be paid a dividend of 0.163 per share on Friday, November 29th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend is Thursday, November 21st.

First Trust Municipal High Income ETF Stock Down 0.1 %

First Trust Municipal High Income ETF stock traded down $0.07 during mid-day trading on Thursday, reaching $48.81. 49,997 shares of the company traded hands, compared to its average volume of 70,848. The firm’s 50 day moving average price is $49.03 and its 200 day moving average price is $48.72. First Trust Municipal High Income ETF has a 52-week low of $45.71 and a 52-week high of $49.51.

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.