First Trust Managed Municipal ETF (NASDAQ:FMB) Announces Dividend Increase – $0.16 Per Share

First Trust Managed Municipal ETF (NASDAQ:FMB – Get Free Report) declared a monthly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Shareholders of record on Thursday, June 25th will be given a dividend of 0.157 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, June 25th. 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 Performance

Shares of FMB traded down $0.16 on Thursday, hitting $51.30. 145,038 shares of the stock traded hands, compared to its average volume of 148,959. First Trust Managed Municipal ETF has a 1 year low of $49.28 and a 1 year high of $52.03. The stock’s 50 day moving average is $51.14 and its two-hundred day moving average is $51.24.

Get First Trust Managed Municipal ETF alerts:

First Trust Managed Municipal ETF Company Profile

(Get Free Report)

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.

Further Reading

• Five stocks we like better than First Trust Managed Municipal ETF
• MDA Space Targets US Defense Market With $620M Acquisition
• Carnival’s Second Quarter: Is the Stock Still Complicated?
• Domino’s Stock Slides to 52-Week Low as Investors Digest CEO Change
• Microsoft Solves AI’s Biggest Bottleneck With Chevron Deal

Receive News & Ratings for First Trust Managed Municipal ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Managed Municipal ETF and related companies with MarketBeat.com's FREE daily email newsletter.