First Trust Managed Municipal ETF Plans Monthly Dividend of $0.16 (NASDAQ:FMB)

First Trust Managed Municipal ETF (NASDAQ:FMB) declared a monthly dividend on Wednesday, May 20th, NASDAQ Dividends reports. Shareholders of record on Thursday, May 21st will be given a dividend of 0.156 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, May 21st.

First Trust Managed Municipal ETF Price Performance

FMB traded down $0.15 on Thursday, hitting $50.63. The company had a trading volume of 163,238 shares, compared to its average volume of 149,570. The stock has a fifty day moving average price of $51.05 and a 200-day moving average price of $51.25. First Trust Managed Municipal ETF has a 12-month low of $49.28 and a 12-month high of $52.03.

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.