First Trust Managed Municipal ETF (NASDAQ:FMB) Raises Dividend to $0.15 Per Share

First Trust Managed Municipal ETF (NASDAQ:FMB) announced a monthly dividend on Tuesday, January 20th. Shareholders of record on Wednesday, January 21st will be paid a dividend of 0.154 per share on Friday, January 30th. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date is Wednesday, January 21st. This is a 4.8% increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.15.

First Trust Managed Municipal ETF Stock Down 0.3%

FMB stock opened at $51.30 on Wednesday. First Trust Managed Municipal ETF has a 12 month low of $48.19 and a 12 month high of $51.54. The firm’s fifty day simple moving average is $51.19 and its 200-day simple moving average is $50.64.

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.