First Trust Managed Municipal ETF (NASDAQ:FMB) Increases Dividend to $0.13 Per Share

First Trust Managed Municipal ETF (NASDAQ:FMBGet Rating) announced a monthly dividend on Monday, January 23rd, Zacks reports. Shareholders of record on Wednesday, January 25th will be given a dividend of 0.126 per share on Tuesday, January 31st. This represents a $1.51 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Tuesday, January 24th. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.12.

First Trust Managed Municipal ETF Stock Performance

Shares of FMB stock opened at $51.31 on Wednesday. First Trust Managed Municipal ETF has a 52-week low of $48.07 and a 52-week high of $56.00. The stock’s 50-day moving average price is $50.52 and its 200 day moving average price is $50.26.

Hedge Funds Weigh In On First Trust Managed Municipal ETF

Several institutional investors have recently added to or reduced their stakes in FMB. BNP Paribas Arbitrage SA purchased a new stake in First Trust Managed Municipal ETF in the 1st quarter valued at approximately $26,000. International Assets Investment Management LLC purchased a new stake in First Trust Managed Municipal ETF in the 2nd quarter valued at approximately $201,000. Kingsview Wealth Management LLC purchased a new stake in First Trust Managed Municipal ETF in the 2nd quarter valued at approximately $207,000. Golden State Wealth Management LLC boosted its stake in shares of First Trust Managed Municipal ETF by 34.8% during the 1st quarter. Golden State Wealth Management LLC now owns 5,828 shares of the company’s stock worth $309,000 after acquiring an additional 1,504 shares in the last quarter. Finally, Beacon Pointe Advisors LLC boosted its stake in shares of First Trust Managed Municipal ETF by 142.5% during the 1st quarter. Beacon Pointe Advisors LLC now owns 10,073 shares of the company’s stock worth $534,000 after acquiring an additional 5,920 shares in the last quarter.

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Dividend History for First Trust Managed Municipal ETF (NASDAQ:FMB)

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