First Trust Managed Municipal ETF (NASDAQ:FMB) Announces Dividend Increase – $0.12 Per Share

First Trust Managed Municipal ETF (NASDAQ:FMBGet Rating) announced a monthly dividend on Monday, November 21st, Zacks reports. Shareholders of record on Wednesday, November 23rd will be given a dividend of 0.119 per share on Wednesday, November 30th. This represents a $1.43 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Tuesday, November 22nd. This is a boost from First Trust Managed Municipal ETF’s previous monthly dividend of $0.12.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ:FMB opened at $49.82 on Wednesday. The firm has a 50 day moving average of $49.10 and a 200-day moving average of $50.32. First Trust Managed Municipal ETF has a 12 month low of $48.07 and a 12 month high of $57.17.

Hedge Funds Weigh In On First Trust Managed Municipal ETF

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA acquired a new position in First Trust Managed Municipal ETF in the 1st quarter valued at approximately $26,000. International Assets Investment Management LLC acquired a new position in First Trust Managed Municipal ETF in the 2nd quarter valued at approximately $201,000. Kingsview Wealth Management LLC acquired a new position in First Trust Managed Municipal ETF in the 2nd quarter valued at approximately $207,000. Golden State Wealth Management LLC increased its position in First Trust Managed Municipal ETF by 34.8% in the 1st quarter. Golden State Wealth Management LLC now owns 5,828 shares of the company’s stock valued at $309,000 after acquiring an additional 1,504 shares during the period. Finally, Beacon Pointe Advisors LLC increased its position in First Trust Managed Municipal ETF by 142.5% in the 1st quarter. Beacon Pointe Advisors LLC now owns 10,073 shares of the company’s stock valued at $534,000 after acquiring an additional 5,920 shares during the period.

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

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