First Trust Mortgage Income Fund (NYSE:FMY) Declares $0.07 Monthly Dividend

First Trust Mortgage Income Fund (NYSE:FMY) announced a monthly dividend on Thursday, December 18th. Investors of record on Wednesday, December 31st will be paid a dividend of 0.065 per share on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Wednesday, December 31st.

First Trust Mortgage Income Fund Price Performance

Shares of First Trust Mortgage Income Fund stock opened at $11.85 on Friday. First Trust Mortgage Income Fund has a fifty-two week low of $11.55 and a fifty-two week high of $12.39. The business has a 50-day moving average price of $12.05 and a 200 day moving average price of $12.14.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Trust Mortgage Income Fund stock. Jones Financial Companies Lllp increased its holdings in shares of First Trust Mortgage Income Fund (NYSE:FMY) by 4,163.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 325,927 shares of the company’s stock after acquiring an additional 318,282 shares during the quarter. Jones Financial Companies Lllp’s holdings in First Trust Mortgage Income Fund were worth $3,983,000 at the end of the most recent quarter.

About First Trust Mortgage Income Fund

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.