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

First Trust Managed Municipal ETF (NASDAQ:FMB) declared a monthly dividend on Thursday, February 19th. Shareholders of record on Friday, February 20th will be given a dividend of 0.155 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Friday, February 20th. This is a 0.6% increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.15.

First Trust Managed Municipal ETF Trading Down 0.3%

Shares of FMB traded down $0.15 during midday trading on Friday, hitting $51.74. The stock had a trading volume of 42,143 shares, compared to its average volume of 175,856. The stock’s 50 day moving average is $51.37 and its 200 day moving average is $50.93. First Trust Managed Municipal ETF has a 1 year low of $48.19 and a 1 year high of $51.90.

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.