First Trust Municipal High Income ETF (NASDAQ:FMHI) Increases Dividend to $0.18 Per Share

First Trust Municipal High Income ETF (NASDAQ:FMHI) announced a dividend on Thursday, August 20th, NASDAQ Dividends reports. Shareholders of record on Friday, August 21st will be paid a dividend of 0.178 per share on Monday, August 31st. The ex-dividend date of this dividend is Friday, August 21st. This is a 0.6% increase from First Trust Municipal High Income ETF’s previous dividend of $0.18.

First Trust Municipal High Income ETF Trading Down 0.4%

FMHI stock traded down $0.20 during mid-day trading on Friday, hitting $47.39. 353,595 shares of the stock were exchanged, compared to its average volume of 112,489. The business has a fifty day moving average price of $48.11 and a 200 day moving average price of $48.10. First Trust Municipal High Income ETF has a 12 month low of $45.98 and a 12 month high of $48.73.

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.