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, August 20th, NASDAQ Dividends reports. Investors of record on Friday, August 21st will be given a dividend of 0.158 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, August 21st. 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 traded down $0.19 during mid-day trading on Friday, hitting $50.18. 35,972 shares of the company’s stock traded hands, compared to its average volume of 149,645. The firm has a 50 day moving average of $50.91 and a two-hundred day moving average of $51.13. First Trust Managed Municipal ETF has a 12 month low of $49.57 and a 12 month high of $52.03.

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.