First Trust Managed Municipal ETF (FMB) to Distribute Monthly Dividend of $0.16 on July 31st

First Trust Managed Municipal ETF (NASDAQ:FMB) announced a monthly dividend on Monday, July 20th, NASDAQ Dividends reports. Stockholders of record on Tuesday, July 21st will be given a dividend of 0.157 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, July 21st.

First Trust Managed Municipal ETF Stock Down 0.5%

NASDAQ:FMB opened at $50.71 on Wednesday. The firm’s 50-day moving average price is $51.16 and its 200-day moving average price is $51.26. First Trust Managed Municipal ETF has a 1-year low of $49.28 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.