First Trust Municipal High Income ETF (NASDAQ:FMHI) Increases Dividend to $0.18 Per Share

First Trust Municipal High Income ETF (NASDAQ:FMHI) declared a dividend on Wednesday, June 24th, NASDAQ Dividends reports. Shareholders of record on Thursday, June 25th will be paid a dividend of 0.177 per share on Tuesday, June 30th. The ex-dividend date of this dividend is Thursday, June 25th. 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 Price Performance

FMHI traded down $0.15 during midday trading on Thursday, hitting $48.42. 85,185 shares of the company traded hands, compared to its average volume of 113,267. The company’s 50-day moving average is $48.14 and its 200 day moving average is $48.07. First Trust Municipal High Income ETF has a 52 week low of $45.83 and a 52 week high of $48.73.

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.