First Trust Managed Municipal ETF (NASDAQ:FMB) to Issue Monthly Dividend of $0.14

First Trust Managed Municipal ETF (NASDAQ:FMB) declared a monthly dividend on Monday, April 22nd, NASDAQ reports. Stockholders of record on Wednesday, April 24th will be given a dividend of 0.135 per share on Tuesday, April 30th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Tuesday, April 23rd.

First Trust Managed Municipal ETF Stock Down 0.3 %

Shares of FMB stock traded down $0.13 during trading hours on Tuesday, reaching $50.87. The stock had a trading volume of 226,276 shares, compared to its average volume of 165,137. First Trust Managed Municipal ETF has a twelve month low of $48.08 and a twelve month high of $51.77. The firm has a 50-day simple moving average of $51.32 and a 200-day simple moving average of $50.72.

About First Trust Managed Municipal ETF

The First Trust Managed Municipal ETF (FMB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests primarily in investment-grade municipal bonds, with some high-yield exposure. FMB was launched on May 13, 2014 and is managed by First Trust.