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, March 26th, NASDAQ Dividends reports. Stockholders of record on Thursday, March 27th will be paid a dividend of 0.163 per share on Monday, March 31st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Thursday, March 27th.

First Trust Municipal High Income ETF Stock Performance

Shares of First Trust Municipal High Income ETF stock traded down $0.38 during trading hours on Thursday, reaching $47.47. The company’s stock had a trading volume of 81,846 shares, compared to its average volume of 75,306. First Trust Municipal High Income ETF has a one year low of $47.33 and a one year high of $49.51. The firm has a 50 day moving average price of $48.44 and a 200-day moving average price of $48.70.

First Trust Municipal High Income ETF Company Profile

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.