First Trust Mortgage Income Fund (NYSE:FMY) Trading Up 1.1% – Time to Buy?

Posted by Geri Gentry on Aug 12th, 2026

Shares of First Trust Mortgage Income Fund (NYSE:FMY – Get Free Report) shot up 1.1% during trading on Tuesday . The stock traded as high as $11.66 and last traded at $11.68. 3,695 shares were traded during trading, a decline of 29% from the average session volume of 5,233 shares. The stock had previously closed at $11.55.

First Trust Mortgage Income Fund Stock Up 1.1%

The stock’s 50 day moving average price is $11.66 and its 200-day moving average price is $11.82.

First Trust Mortgage Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be issued a dividend of $0.065 per share. The ex-dividend date is Monday, August 3rd. This represents a c) annualized dividend and a yield of 6.7%.

Institutional Trading of First Trust Mortgage Income Fund

An institutional investor recently bought a new position in First Trust Mortgage Income Fund stock. Raymond James Financial Inc. bought a new position in First Trust Mortgage Income Fund (NYSE:FMY – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 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.