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

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

First Trust Managed Municipal ETF Trading Up 0.0 %

Shares of FMB opened at $51.31 on Wednesday. First Trust Managed Municipal ETF has a 12-month low of $48.07 and a 12-month high of $56.00. The business’s fifty day moving average is $50.52 and its 200 day moving average is $50.26.

Institutional Investors Weigh In On First Trust Managed Municipal ETF

Several large investors have recently made changes to their positions in FMB. Equitable Holdings Inc. boosted its position in shares of First Trust Managed Municipal ETF by 8.3% during the 1st quarter. Equitable Holdings Inc. now owns 82,424 shares of the company’s stock valued at $4,373,000 after acquiring an additional 6,333 shares during the last quarter. High Net Worth Advisory Group LLC raised its holdings in First Trust Managed Municipal ETF by 144.8% in the 1st quarter. High Net Worth Advisory Group LLC now owns 14,666 shares of the company’s stock worth $778,000 after purchasing an additional 8,676 shares in the last quarter. Flow Traders U.S. LLC lifted its stake in shares of First Trust Managed Municipal ETF by 686.3% in the 1st quarter. Flow Traders U.S. LLC now owns 190,095 shares of the company’s stock valued at $10,086,000 after purchasing an additional 165,919 shares during the period. Sowell Financial Services LLC bought a new stake in shares of First Trust Managed Municipal ETF in the 1st quarter worth approximately $556,000. Finally, GM Advisory Group Inc. boosted its holdings in First Trust Managed Municipal ETF by 10.6% in the first quarter. GM Advisory Group Inc. now owns 335,187 shares of the company’s stock worth $17,785,000 after acquiring an additional 32,252 shares in the last quarter.

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

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