First Trust Managed Municipal ETF (NASDAQ:FMB) Raises Dividend to $0.14 Per Share

First Trust Managed Municipal ETF (NASDAQ:FMB) announced a dividend on Tuesday, January 21st,NASDAQ Dividends reports. Stockholders of record on Wednesday, January 22nd will be paid a dividend of 0.14 per share on Friday, January 31st. The ex-dividend date is Wednesday, January 22nd. This is a boost from First Trust Managed Municipal ETF’s previous dividend of $0.14.

First Trust Managed Municipal ETF Price Performance

NASDAQ FMB traded down $0.14 during trading hours on Wednesday, hitting $50.84. The company’s stock had a trading volume of 329,983 shares, compared to its average volume of 261,660. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13. The company’s 50-day simple moving average is $51.24 and its two-hundred day simple moving average is $51.47.

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.