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

First Trust Managed Municipal ETF (NASDAQ:FMB) declared a monthly dividend on Thursday, February 19th. Stockholders of record on Friday, February 20th will be paid a dividend of 0.155 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend 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 Stock Performance

Shares of First Trust Managed Municipal ETF stock traded down $0.15 during trading on Friday, hitting $51.74. The company’s stock had a trading volume of 15,367 shares, compared to its average volume of 175,474. First Trust Managed Municipal ETF has a 52 week low of $48.19 and a 52 week high of $51.90. The stock has a 50-day moving average price of $51.37 and a two-hundred day moving average price of $50.93.

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.