First Trust/FIDAC Mortgage Income Fund (NYSE:FMY) shares were up 0.2% during trading on Tuesday after the company announced a dividend. The stock traded as high as $14.08 and last traded at $14.08, approximately 2,518 shares were traded during trading. A decline of 68% from the average daily volume of 7,825 shares. The stock had previously closed at $14.05.

The newly announced dividend which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 4th will be given a $0.06 dividend. This represents a $0.72 annualized dividend and a dividend yield of 5.09%. The ex-dividend date is Monday, February 3rd.

The firm has a 50-day moving average price of $14.01 and a 200 day moving average price of $13.91.

Several institutional investors have recently bought and sold shares of FMY. Royal Bank of Canada grew its position in shares of First Trust/FIDAC Mortgage Income Fund by 19.2% in the second quarter. Royal Bank of Canada now owns 7,360 shares of the company’s stock valued at $103,000 after purchasing an additional 1,187 shares during the last quarter. LPL Financial LLC acquired a new stake in First Trust/FIDAC Mortgage Income Fund during the second quarter worth approximately $141,000. Kovack Advisors Inc. acquired a new stake in First Trust/FIDAC Mortgage Income Fund during the third quarter worth approximately $287,000. Finally, Karpus Management Inc. acquired a new stake in First Trust/FIDAC Mortgage Income Fund during the third quarter worth approximately $778,000.

First Trust/FIDAC Mortgage Income Fund Company Profile (NYSE:FMY)

First Trust Mortgage Income Fund is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Brookfield Investment Management Inc The fund invests in fixed income markets. It seeks to invest in fixed income securities including mortgage-backed securities, consisting of pass-through certificates, collateralized mortgage obligations, residential mortgage-backed securities, and commercial mortgage-backed securities.

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