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

First Trust Managed Municipal ETF (NASDAQ:FMB) announced a monthly dividend on Monday, July 20th, NASDAQ Dividends reports. Shareholders 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 is Tuesday, July 21st.

First Trust Managed Municipal ETF Price Performance

FMB stock traded down $0.26 during midday trading on Tuesday, hitting $50.71. 94,248 shares of the company’s stock were exchanged, compared to its average volume of 150,491. First Trust Managed Municipal ETF has a 12-month low of $49.28 and a 12-month high of $52.03. The firm has a 50 day moving average price of $51.17 and a 200-day moving average price of $51.27.

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.