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

by · The Cerbat Gem

First Trust Managed Municipal ETF (NASDAQ:FMB – Get Free Report) declared a monthly dividend on Tuesday, October 20th. Investors of record on Wednesday, October 21st will be given 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 Price Performance

Shares of First Trust Managed Municipal ETF stock traded down $0.06 on Wednesday, hitting $48.57. The company’s stock had a trading volume of 371,271 shares, compared to its average volume of 221,209. First Trust Managed Municipal ETF has a 52-week low of $47.38 and a 52-week high of $52.03. The firm has a fifty day moving average price of $49.13 and a 200-day moving average price of $50.36.

First Trust Managed Municipal ETF Company Profile

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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.

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