First Trust Managed Municipal ETF (NASDAQ:FMB) Declares $0.16 Monthly Dividend

First Trust Managed Municipal ETF (NASDAQ:FMB) declared a monthly dividend on Wednesday, May 20th, NASDAQ Dividends reports. Stockholders of record on Thursday, May 21st will be paid a dividend of 0.156 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Thursday, May 21st.

First Trust Managed Municipal ETF Stock Down 0.3%

Shares of NASDAQ FMB traded down $0.15 during mid-day trading on Thursday, hitting $50.63. The company’s stock had a trading volume of 163,238 shares, compared to its average volume of 149,570. First Trust Managed Municipal ETF has a one year low of $49.28 and a one year high of $52.03. The company’s fifty day simple moving average is $51.05 and its 200-day simple moving average is $51.25.

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.