First Trust Mortgage Income Fund (FMY) to Issue Monthly Dividend of $0.07 on June 15th

First Trust Mortgage Income Fund (NYSE:FMY) declared a monthly dividend on Wednesday, May 20th. Investors of record on Monday, June 1st will be paid a dividend of 0.065 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 6.7%. The ex-dividend date is Monday, June 1st.

First Trust Mortgage Income Fund Stock Up 0.3%

Shares of FMY stock opened at $11.70 on Friday. First Trust Mortgage Income Fund has a 1 year low of $11.40 and a 1 year high of $12.39. The firm’s fifty day simple moving average is $11.82 and its 200 day simple moving average is $11.97.

Hedge Funds Weigh In On First Trust Mortgage Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of FMY. Raymond James Financial Inc. bought a new stake in First Trust Mortgage Income Fund in the 2nd quarter valued at $31,000. Jones Financial Companies Lllp increased its holdings in First Trust Mortgage Income Fund by 29.4% in 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 during the period. Uhlmann Price Securities LLC increased its holdings in 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 valued at $288,000 after buying an additional 7,423 shares during the period. Noble Wealth Management PBC increased its holdings in 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 valued at $567,000 after buying an additional 17,572 shares during the period. Finally, Sit Investment Associates Inc. increased its holdings in First Trust Mortgage Income Fund by 1.4% in the 4th quarter. Sit Investment Associates Inc. now owns 2,297,106 shares of the company’s stock valued at $27,910,000 after buying an additional 31,512 shares during the period.

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.