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

First Trust Municipal High Income ETF (NASDAQ:FMHI) announced a monthly dividend on Wednesday, November 20th,NASDAQ Dividends reports. Stockholders of record on Thursday, November 21st will be given a dividend of 0.163 per share on Friday, November 29th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend is Thursday, November 21st.

First Trust Municipal High Income ETF Price Performance

NASDAQ FMHI traded down $0.07 during mid-day trading on Thursday, reaching $48.81. The stock had a trading volume of 49,997 shares, compared to its average volume of 70,848. First Trust Municipal High Income ETF has a 1 year low of $45.71 and a 1 year high of $49.51. The company has a fifty day moving average price of $49.03 and a 200 day moving average price of $48.72.

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.