First Trust Municipal High Income ETF (NASDAQ:FMHI) Announces Dividend Increase – $0.18 Per Share

First Trust Municipal High Income ETF (NASDAQ:FMHI) announced a dividend on Wednesday, May 20th, NASDAQ Dividends reports. Shareholders of record on Thursday, May 21st will be paid a dividend of 0.176 per share on Friday, May 29th. The ex-dividend date of this dividend is Thursday, May 21st. This is a 0.6% increase from First Trust Municipal High Income ETF’s previous dividend of $0.18.

First Trust Municipal High Income ETF Trading Down 0.3%

Shares of FMHI stock traded down $0.14 on Thursday, hitting $47.63. 101,181 shares of the stock traded hands, compared to its average volume of 120,057. The firm’s 50-day moving average price is $47.95 and its two-hundred day moving average price is $48.03. First Trust Municipal High Income ETF has a twelve month low of $45.83 and a twelve month high of $48.73.

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.