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

First Trust Municipal High Income ETF (NASDAQ:FMHI) announced a monthly dividend on Tuesday, January 21st,NASDAQ Dividends reports. Stockholders of record on Wednesday, January 22nd will be given a dividend of 0.163 per share on Friday, January 31st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date is Wednesday, January 22nd.

First Trust Municipal High Income ETF Stock Performance

NASDAQ:FMHI traded down $0.04 during mid-day trading on Wednesday, hitting $48.25. 42,599 shares of the stock traded hands, compared to its average volume of 97,377. First Trust Municipal High Income ETF has a 52 week low of $47.14 and a 52 week high of $49.51. The firm’s 50 day moving average is $48.57 and its two-hundred day moving average is $48.84.

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.