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

First Trust Managed Municipal ETF (NASDAQ:FMB) declared a monthly dividend on Thursday, February 19th. Investors 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 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 Price Performance

NASDAQ FMB traded down $0.15 during trading on Friday, reaching $51.74. 15,367 shares of the company’s stock were exchanged, compared to its average volume of 175,474. The business has a 50 day moving average price of $51.37 and a 200-day moving average price of $50.93. First Trust Managed Municipal ETF has a fifty-two week low of $48.19 and a fifty-two week 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.