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

First Trust Municipal High Income ETF (NASDAQ:FMHI) declared a monthly dividend on Monday, October 21st, NASDAQ reports. Shareholders of record on Tuesday, October 22nd will be given a dividend of 0.163 per share on Thursday, October 31st. This represents a $1.96 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend is Tuesday, October 22nd.

First Trust Municipal High Income ETF Stock Performance

NASDAQ:FMHI traded down $0.25 during mid-day trading on Tuesday, hitting $48.83. 44,007 shares of the company’s stock traded hands, compared to its average volume of 66,909. The firm’s 50 day simple moving average is $49.19 and its 200 day simple moving average is $48.56. First Trust Municipal High Income ETF has a 1 year low of $43.88 and a 1 year high of $49.51.

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.