FMY stock hits 52-week high at $12.72 amid market rally By Investing.com

In a notable surge, First Trust Mortgage Income Fund (FMY) stock has reached a 52-week high, touching $12.72. This peak reflects a robust performance over the past year, with the fund showcasing a significant 1-year change of 12.24%. Investors have shown increased confidence in FMY, as it outpaces broader market trends and solidifies its position within the investment community. The fund’s ascent to this high watermark underscores a period of sustained growth, as it navigates through the dynamic financial landscape.

InvestingPro Insights

First Trust Mortgage Income Fund’s (FMY) recent achievement of a 52-week high is further supported by InvestingPro data, which reveals a robust 21.33% 1-year price total return. This performance aligns with the fund’s current trading status, as it sits at 98.89% of its 52-week high, reinforcing the article’s observation of FMY’s strong market position.

InvestingPro Tips highlight FMY’s attractive dividend profile, noting that it “pays a significant dividend to shareholders” and “has maintained dividend payments for 20 consecutive years.” This is particularly relevant for income-focused investors, with the fund currently offering a substantial 7.25% dividend yield.

For those seeking a deeper understanding of FMY’s financial health and market performance, InvestingPro offers 7 additional tips, providing a comprehensive analysis for informed investment decisions.

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