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NASDAQ:FMB

First Trust Managed Municipal ETF (FMB) Price, Holdings, & News

$51.39
-0.01 (-0.02%)
(As of 09:36 AM ET)
Today's Range
$51.33
$51.42
50-Day Range
$51.00
$51.73
52-Week Range
$48.08
$51.77
Volume
9,583 shs
Average Volume
165,277 shs
Market Capitalization
$1.97 billion
Assets Under Management
$1.98 billion
Dividend Yield
3.29%
Net Expense Ratio
0.50%
FMB stock logo

About First Trust Managed Municipal ETF (NASDAQ:FMB)

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.

FMB Stock Price History

FMB ETF News Headlines

CBOE shift unlocks new weekend income strategy
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange. You're probably wondering, “Okay… But how does that affect me?” This perk now allows everyday traders like yourself to target extra income over the weekend.
FMB ETF Stock Price History
The AI Defense Stock Set to Soar
To protect our interests, The Pentagon has partnered with this small AI defense contractor - creating some of the most powerful AI defenses ever made.
See More Headlines
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Fund Details

Issuer
First Trust
Fund Name
First Trust Managed Municipal ETF
Tax Classification
Regulated Investment Company
Current Symbol
NASDAQ:FMB
Inception Date
5/13/2014
Fund Manager
Tom Futrell, Johnathan Wilhelm
Web
N/A

Fund Focus

Asset Class
Fixed Income
Benchmark
N/A
Category
Municipals
Focus
Broad Municipals
Development Level
Developed Markets
Region
North America
Number of Holdings
1342

Fund Statistics

Assets Under Management
$1.98 billion
Average Daily Volume
$119,802.50
Discount/Premium
0.07%

Administrator, Advisor and Custodian

Administrator
Brown Brothers Harriman & Co.
Advisor
First Trust Advisors L.P.
Custodian
Brown Brothers Harriman & Co.
Distributor
First Trust Portfolios L.P.
Transfer Agent
Brown Brothers Harriman & Co.
Trustee
N/A
Lead Market Maker
Susquehanna

Options

Optionable
N/A
Short Interest
12,900 shs

Miscellaneous

Beta
0.14
Creation Unit
50,000
Creation Fee
$500.00
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First Trust Managed Municipal ETF Expenses

TypeFMBBroad Municipals ETFsFixed Income ETFsNASDAQ ETFsAll ETFs
Management Fee0.65%0.33%0.32%0.48%0.51%
Other Expenses0.00%0.47%0.26%0.32%0.58%
Total Expense0.65%0.44%0.39%0.57%0.70%
Fee Waiver-0.15%-0.30%-0.24%-0.20%-0.56%
Net Expense0.50%0.37%0.34%0.54%0.58%

First Trust Managed Municipal ETF (FMB) Holdings & Exposure

Top 10 FMB Holdings

  • Us Dollars
    Holding Weight: 0.98%
  • MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%
    Holding Weight: 0.80%
  • MEADE CNTY KY INDL BLDG REV 3.25%
    Holding Weight: 0.68%
  • COLORADO HEALTH FACS AUTH REV 4%
    Holding Weight: 0.59%
  • MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE 2.75%
    Holding Weight: 0.59%
  • BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 4%
    Holding Weight: 0.57%
  • NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 4%
    Holding Weight: 0.57%
  • ST LUCIE CNTY FLA SOLID WASTE DISP REV 2.75%
    Holding Weight: 0.57%
  • ATLANTA GA ARPT PASSENGER FAC CHARGE REV 4%
    Holding Weight: 0.51%
  • NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5%
    Holding Weight: 0.48%

FMB Sector Exposure

FMB Industry Exposure


FMB ETF - Frequently Asked Questions

How have FMB shares performed in 2024?

First Trust Managed Municipal ETF's stock was trading at $51.66 at the beginning of 2024. Since then, FMB stock has decreased by 0.5% and is now trading at $51.40.
View the best growth stocks for 2024 here
.

Are investors shorting First Trust Managed Municipal ETF?

First Trust Managed Municipal ETF saw a increase in short interest in March. As of March 15th, there was short interest totaling 21,500 shares, an increase of 66.7% from the February 29th total of 12,900 shares. Based on an average daily trading volume, of 176,900 shares, the days-to-cover ratio is currently 0.1 days.
View First Trust Managed Municipal ETF's Short Interest
.

How often does First Trust Managed Municipal ETF pay dividends? What is the dividend yield for First Trust Managed Municipal ETF?

First Trust Managed Municipal ETF declared a monthly dividend on Wednesday, March 20th. Shareholders of record on Friday, March 22nd will be given a dividend of $0.135 per share on Thursday, March 28th. This represents a $1.62 annualized dividend and a yield of 3.15%. The ex-dividend date is Thursday, March 21st.
Read our dividend analysis for FMB
.

What does FMB invest in?

First Trust Managed Municipal ETF is a fixed income fund issued by First Trust. FMB focuses on broad municipals investments. The fund's investments total to approximately $1.98 billion assets under management.

What is the management fee for First Trust Managed Municipal ETF?

First Trust Managed Municipal ETF's management fee is 0.65% and has no other recorded expenses. However, FMB has a fee waiver of -0.15% to reimburse the expenses. The net expense ratio for FMB is 0.50%.

Who are First Trust Managed Municipal ETF's major shareholders?

First Trust Managed Municipal ETF's stock is owned by many different retail and institutional investors. Top institutional shareholders include Wells Fargo & Company MN (5.34%), UBS Group AG (4.62%), Avantax Planning Partners Inc. (2.69%), Sequoia Financial Advisors LLC (2.37%), Congress Wealth Management LLC DE (1.77%) and Raymond James Financial Services Advisors Inc. (1.70%).

How do I buy shares of First Trust Managed Municipal ETF?

Shares of FMB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:FMB) was last updated on 3/28/2024 by MarketBeat.com Staff

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