First Trust Managed Municipal ETF (FMB) To Go Ex-Dividend on August 21st

First Trust Managed Municipal ETF (NASDAQ:FMB) announced a monthly dividend on Wednesday, August 20th, NASDAQ Dividends reports. Shareholders of record on Thursday, August 21st will be given a dividend of 0.144 per share on Friday, August 29th. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Thursday, August 21st.

First Trust Managed Municipal ETF Stock Performance

NASDAQ FMB opened at $49.51 on Friday. First Trust Managed Municipal ETF has a 12 month low of $48.10 and a 12 month high of $52.13. The company’s 50 day moving average is $49.70 and its two-hundred day moving average is $50.08.

Institutional Investors Weigh In On First Trust Managed Municipal ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Flaharty Asset Management LLC bought a new stake in shares of First Trust Managed Municipal ETF during the first quarter valued at approximately $58,000. IMG Wealth Management Inc. bought a new stake in shares of First Trust Managed Municipal ETF during the first quarter valued at approximately $65,000. GAMMA Investing LLC raised its position in shares of First Trust Managed Municipal ETF by 4,941.9% during the first quarter. GAMMA Investing LLC now owns 1,563 shares of the company’s stock valued at $79,000 after buying an additional 1,532 shares during the last quarter. Hanson & Doremus Investment Management bought a new stake in shares of First Trust Managed Municipal ETF during the first quarter valued at approximately $113,000. Finally, NBC Securities Inc. raised its position in shares of First Trust Managed Municipal ETF by 119,000.0% during the first quarter. NBC Securities Inc. now owns 2,382 shares of the company’s stock valued at $120,000 after buying an additional 2,380 shares during the last quarter.

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.