First Trust Mortgage Income Fund (NYSE:FMY) Stock Price Down 0.7% – Here’s Why

Posted by Logan Wallace on Sep 12th, 2026

First Trust Mortgage Income Fund (NYSE:FMY – Get Free Report) traded down 0.7% on Friday . The stock traded as low as $11.35 and last traded at $11.3840. 2,238 shares were traded during trading, a decline of 55% from the average daily volume of 4,996 shares. The stock had previously closed at $11.47.

First Trust Mortgage Income Fund Stock Down 0.7%

The company has a fifty day moving average of $11.63 and a 200 day moving average of $11.74.

First Trust Mortgage Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.065 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%.

Institutional Trading of First Trust Mortgage Income Fund

A hedge fund recently bought a new stake in First Trust Mortgage Income Fund stock. Raymond James Financial Inc. purchased a new position in First Trust Mortgage Income Fund (NYSE:FMY – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,547 shares of the company’s stock, valued at approximately $31,000.

First Trust Mortgage Income Fund Company Profile

(Get Free Report)

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.