First Trust Managed Municipal ETF (NASDAQ:FMB) Increases Dividend to $0.16 Per Share

First Trust Managed Municipal ETF (NASDAQ:FMB – Get Free Report) declared a monthly dividend on Thursday, August 20th, NASDAQ Dividends reports. Shareholders of record on Friday, August 21st will be paid a dividend of 0.158 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, August 21st. This is a 0.6% increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.16.

First Trust Managed Municipal ETF Price Performance

FMB traded down $0.19 during mid-day trading on Friday, reaching $50.18. 35,972 shares of the stock were exchanged, compared to its average volume of 149,645. The company has a 50 day moving average price of $50.91 and a two-hundred day moving average price of $51.13. First Trust Managed Municipal ETF has a 1 year low of $49.57 and a 1 year high of $52.03.

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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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