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

First Trust Mortgage Income Fund (NYSE:FMY) declared a monthly dividend on Thursday, February 19th. Stockholders of record on Monday, March 2nd will be paid a dividend of 0.065 per share on Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend is Monday, March 2nd.

First Trust Mortgage Income Fund Trading Up 0.0%

Shares of FMY stock traded up $0.01 during trading hours on Friday, hitting $12.13. The stock had a trading volume of 401 shares, compared to its average volume of 4,944. First Trust Mortgage Income Fund has a one year low of $11.65 and a one year high of $12.39. The stock’s 50-day moving average price is $12.11 and its two-hundred day moving average price is $12.14.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FMY. Sit Investment Associates Inc. raised its stake in First Trust Mortgage Income Fund by 1.4% during the fourth quarter. Sit Investment Associates Inc. now owns 2,297,106 shares of the company’s stock valued at $27,910,000 after purchasing an additional 31,512 shares in the last quarter. Uhlmann Price Securities LLC grew its stake in shares of First Trust Mortgage Income Fund by 45.7% in the 4th quarter. Uhlmann Price Securities LLC now owns 23,674 shares of the company’s stock worth $288,000 after buying an additional 7,423 shares in the last quarter. Noble Wealth Management PBC increased its holdings in shares of First Trust Mortgage Income Fund by 60.4% in the 4th quarter. Noble Wealth Management PBC now owns 46,681 shares of the company’s stock worth $567,000 after buying an additional 17,572 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of First Trust Mortgage Income Fund by 29.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 18,267 shares of the company’s stock valued at $223,000 after buying an additional 4,154 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of First Trust Mortgage Income Fund in the 2nd quarter valued at about $31,000.

About First Trust Mortgage Income Fund

First Trust Mortgage Income Fund (NYSE:FMY) is a closed-end management investment company that seeks to provide high current income by investing primarily in a diversified portfolio of mortgage-related securities. The fund’s investment strategy focuses on residential and commercial mortgage-backed securities (MBS) issued or guaranteed by U.S. government agencies, government-sponsored entities and private issuers, as well as other mortgage-related assets such as collateralized mortgage obligations (CMOs) and mortgage passthrough securities.

Since commencing operations in mid-2002, FMY has employed a disciplined, fundamental research process to construct a portfolio designed to capture income opportunities across the U.S.