First Trust Mortgage Income Fund (NYSE:FMY) Trading Up 0.1% – Time to Buy?

by · The Cerbat Gem

First Trust Mortgage Income Fund (NYSE:FMY – Get Free Report)’s stock price rose 0.1% during mid-day trading on Friday . The stock traded as high as $11.91 and last traded at $11.87. Approximately 3,349 shares traded hands during trading, a decline of 44% from the average daily volume of 5,969 shares. The stock had previously closed at $11.86.

First Trust Mortgage Income Fund Stock Up 0.1%

The stock has a fifty day moving average of $12.07 and a 200-day moving average of $12.14.

First Trust Mortgage Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a $0.065 dividend. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date is Monday, December 1st.

Institutional Trading of First Trust Mortgage Income Fund

An institutional investor recently raised its position in First Trust Mortgage Income Fund stock. Jones Financial Companies Lllp increased its stake in First Trust Mortgage Income Fund (NYSE:FMY – Free Report) by 4,163.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 325,927 shares of the company’s stock after purchasing 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

(Get Free Report)

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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