In a notable surge, First Trust Mortgage Income Fund (FMY) stock has reached a 52-week high, touching $12.54, signaling a period of robust performance for the fund. This peak comes as a breath of fresh air for investors who have witnessed the fund's value oscillate over the past year. The 52-week high represents a significant milestone and is reflective of the fund's resilience and potential for growth. Over the past year, FMY has seen an encouraging 1-year change, posting a 9.09% increase, which underscores the fund's steady recovery and the positive sentiment among investors looking for income through mortgage-backed securities.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.