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, September 23rd. Shareholders of record on Thursday, September 24th will be paid a dividend of 0.159 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date is Thursday, September 24th. This is a 0.6% increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.16.

First Trust Managed Municipal ETF Stock Down 0.3%

Shares of FMB stock traded down $0.15 during mid-day trading on Thursday, reaching $48.46. 99,897 shares of the company were exchanged, compared to its average volume of 173,801. The business’s 50 day simple moving average is $50.05 and its 200 day simple moving average is $50.75. First Trust Managed Municipal ETF has a fifty-two week low of $48.21 and a fifty-two week high of $52.03.

First Trust Managed Municipal ETF Company Profile

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.