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

First Trust Managed Municipal ETF (NASDAQ:FMB) announced a monthly dividend on Monday, July 20th, NASDAQ Dividends reports. Investors of record on Tuesday, July 21st will be paid a dividend of 0.157 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, July 21st.

First Trust Managed Municipal ETF Price Performance

FMB traded down $0.26 on Tuesday, hitting $50.71. The company had a trading volume of 94,248 shares, compared to its average volume of 150,491. The stock has a fifty day moving average price of $51.17 and a 200-day moving average price of $51.27. First Trust Managed Municipal ETF has a 12-month low of $49.28 and a 12-month high of $52.03.

About First Trust Managed Municipal ETF

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.