First Trust Municipal High Income ETF (NASDAQ:FMHI) to Issue Dividend Increase – $0.16 Per Share

First Trust Municipal High Income ETF (NASDAQ:FMHI) declared a dividend on Wednesday, June 26th, NASDAQ reports. Investors of record on Thursday, June 27th will be given a dividend of 0.163 per share on Friday, June 28th. The ex-dividend date is Thursday, June 27th. This is a positive change from First Trust Municipal High Income ETF’s previous dividend of $0.16.

First Trust Municipal High Income ETF Price Performance

Shares of FMHI traded up $0.04 during midday trading on Thursday, reaching $48.43. The stock had a trading volume of 33,447 shares, compared to its average volume of 64,061. The company’s 50-day moving average is $47.99 and its 200 day moving average is $47.86. First Trust Municipal High Income ETF has a 12-month low of $43.88 and a 12-month high of $48.71.

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.