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

First Trust Managed Municipal ETF (NASDAQ:FMB) declared a monthly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be paid a dividend of 0.159 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Thursday, September 24th. This is a 0.6% increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.16.

First Trust Managed Municipal ETF Price Performance

NASDAQ:FMB opened at $48.45 on Thursday. The firm has a fifty day simple moving average of $50.05 and a 200 day simple moving average of $50.75. First Trust Managed Municipal ETF has a 1-year low of $48.47 and a 1-year 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.