First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Set to Pay Monthly Dividend of $0.16

First Trust Managed Municipal ETF (NASDAQ:FMB) announced a monthly dividend on Tuesday, October 20th. Shareholders of record on Wednesday, October 21st will be paid a dividend of $0.1590 per share on Friday, October 30th. This represents a $1.91 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, October 21st.

First Trust Managed Municipal ETF Stock Down 0.1%

First Trust Managed Municipal ETF stock traded down $0.07 during mid-day trading on Wednesday, hitting $48.56. 341,557 shares of the company’s stock traded hands, compared to its average volume of 220,932. First Trust Managed Municipal ETF has a one year low of $47.38 and a one year high of $52.03. The firm has a 50 day moving average price of $49.13 and a 200 day moving average price of $50.36.

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.