First Trust Managed Municipal ETF Announces Monthly Dividend of $0.14 (NASDAQ:FMB)

First Trust Managed Municipal ETF (NASDAQ:FMB) declared a monthly dividend on Monday, April 22nd, NASDAQ reports. Investors of record on Wednesday, April 24th will be paid a dividend of 0.135 per share on Tuesday, April 30th. This represents a $1.62 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Tuesday, April 23rd.

First Trust Managed Municipal ETF Price Performance

Shares of FMB traded down $0.13 on Tuesday, hitting $50.87. The company’s stock had a trading volume of 226,276 shares, compared to its average volume of 165,137. The firm’s fifty day moving average price is $51.32 and its 200-day moving average price is $50.72. First Trust Managed Municipal ETF has a fifty-two week low of $48.08 and a fifty-two week high of $51.77.

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.