First Trust Municipal High Income ETF (NASDAQ:FMHI) Raises Dividend to $0.17 Per Share

First Trust Municipal High Income ETF (NASDAQ:FMHI) announced a monthly dividend on Tuesday, January 20th. Investors of record on Wednesday, January 21st will be given a dividend of 0.174 per share on Friday, January 30th. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date is Wednesday, January 21st. This is a 3.0% increase from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17.

First Trust Municipal High Income ETF Price Performance

Shares of NASDAQ FMHI traded down $0.20 during trading hours on Wednesday, hitting $47.82. 68,125 shares of the stock were exchanged, compared to its average volume of 110,980. The company’s 50 day moving average is $47.96 and its 200 day moving average is $47.38. First Trust Municipal High Income ETF has a one year low of $44.80 and a one year high of $49.05.

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.