First Trust Managed Municipal ETF (NASDAQ:FMB) Announces Dividend Increase – $0.16 Per Share

First Trust Managed Municipal ETF (NASDAQ:FMB) announced a monthly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Shareholders of record on Thursday, June 25th will be paid a dividend of 0.157 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date is Thursday, June 25th. This is a 0.6% increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.16.

First Trust Managed Municipal ETF Price Performance

FMB stock traded down $0.16 during midday trading on Thursday, reaching $51.30. The company had a trading volume of 145,038 shares, compared to its average volume of 148,959. First Trust Managed Municipal ETF has a 1 year low of $49.28 and a 1 year high of $52.03. The firm has a 50-day moving average price of $51.14 and a 200-day moving average price of $51.24.

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.