NASDAQ:FMB

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

$50.86
-0.13 (-0.25%)
(As of 04/23/2024 ET)
Today's Range
$50.78
$50.94
50-Day Range
$50.77
$51.67
52-Week Range
$48.08
$51.77
Volume
226,276 shs
Average Volume
165,137 shs
Market Capitalization
$1.95 billion
Assets Under Management
$1.95 billion
Dividend Yield
3.07%
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

First Trust Managed Municipal ETF (FMB)
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FMB ETF Stock Price History
top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)
AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.
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
1335

Fund Statistics

Assets Under Management
$1.95 billion
Average Daily Volume
$148,300.50
Discount/Premium
0.02%

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
69,000 shs

Miscellaneous

Beta
0.08
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%0.34%0.58%
Total Expense0.65%0.44%0.40%0.58%0.70%
Fee Waiver-0.15%-0.32%-0.24%-0.22%-0.57%
Net Expense0.50%0.37%0.35%0.54%0.58%

First Trust Managed Municipal ETF (FMB) Holdings & Exposure

Top 10 FMB Holdings

  • MEADE CNTY KY INDL BLDG REV 4.73%
    Holding Weight: 0.86%
  • MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%
    Holding Weight: 0.77%
  • NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 4%
    Holding Weight: 0.54%
  • BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 4%
    Holding Weight: 0.53%
  • TEXAS MUN GAS ACQUISITION & SUPPLY CORP IV GAS SUPPLY REV 5.5%
    Holding Weight: 0.50%
  • ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV 5.5%
    Holding Weight: 0.49%
  • ATLANTA GA ARPT PASSENGER FAC CHARGE REV 4%
    Holding Weight: 0.47%
  • Cash
    Holding Weight: 0.47%
  • NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5%
    Holding Weight: 0.45%
  • PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.5%
    Holding Weight: 0.44%

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 the year. Since then, FMB stock has decreased by 1.5% and is now trading at $50.87.
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 the month of March. As of March 31st, there was short interest totaling 69,000 shares, an increase of 220.9% from the March 15th total of 21,500 shares. Based on an average trading volume of 162,300 shares, the days-to-cover ratio is currently 0.4 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. Stockholders of record on Friday, March 22nd will be paid a dividend of $0.135 per share on Thursday, March 28th. This represents a $1.62 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend 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 $1.95 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 a variety of institutional and retail investors. Top institutional shareholders include Raymond James Financial Services Advisors Inc. (1.96%), Congress Wealth Management LLC DE (1.80%), Miracle Mile Advisors LLC (1.08%), Raymond James & Associates (0.93%), ERn Financial LLC (0.65%) and RMR Wealth Builders (0.62%).

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 4/23/2024 by MarketBeat.com Staff

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