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NASDAQ:FMB

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

$50.36
+0.03 (+0.06%)
(As of 03:10 PM ET)
Compare
Today's Range
$50.27
$50.40
50-Day Range
$49.86
$50.98
52-Week Range
$48.07
$52.00
Volume
121,902 shs
Average Volume
218,917 shs
Market Capitalization
$1.88 billion
Assets Under Management
$1.86 billion
Dividend Yield
2.82%
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.

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FMB ETF News Headlines

Soaring EV Industry Keeps Investor Focus on Lithium
The need for lithium keeps going up, up, up with the mass adoption of electric vehicles. The lithium demand for EV batteries alone is now double the rate of lithium production.
First Trust Managed Municipal ETF
Soaring EV Industry Keeps Investor Focus on Lithium
The need for lithium keeps going up, up, up with the mass adoption of electric vehicles. The lithium demand for EV batteries alone is now double the rate of lithium production.
MBNE Brings Sustainability to Muni ETFs
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
1337

Fund Statistics

Assets Under Management
$1.86 billion
Average Daily Volume
$296,701.90
Discount/Premium
1.40%

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
220,600 shs

Miscellaneous

Beta
0.14
Creation Unit
50,000
Creation Fee
$500.00


First Trust Managed Municipal ETF Expenses

TypeFMBBroad Municipals ETFsFixed Income ETFsNASDAQ ETFsAll ETFs
Management Fee0.65%0.39%0.29%0.45%0.49%
Other Expenses0.00%0.37%0.21%0.28%0.51%
Total Expense0.65%0.46%0.35%0.54%0.66%
Fee Waiver-0.15%-0.18%-0.22%-0.21%-0.52%
Net Expense0.50%0.43%0.32%0.50%0.55%

First Trust Managed Municipal ETF (FMB) Holdings & Exposure

Top 10 FMB Holdings

  • Us Dollars
    Holding Weight: 1.36%
  • Us Dollars
    Holding Weight: 1.07%
  • MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%
    Holding Weight: 0.82%
  • MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%
    Holding Weight: 0.81%
  • MEADE CNTY KY INDL BLDG REV 4.8%
    Holding Weight: 0.69%
  • MEADE CNTY KY INDL BLDG REV 4.2%
    Holding Weight: 0.68%
  • COLORADO HEALTH FACS AUTH REV 4%
    Holding Weight: 0.61%
  • COLORADO HEALTH FACS AUTH REV 4%
    Holding Weight: 0.61%
  • NEW YORK N Y 3.6%
    Holding Weight: 0.59%
  • NEW YORK N Y 4.15%
    Holding Weight: 0.59%

FMB Sector Exposure

FMB Industry Exposure














FMB ETF - Frequently Asked Questions

How have FMB shares performed in 2023?

First Trust Managed Municipal ETF's stock was trading at $50.11 at the start of the year. Since then, FMB stock has increased by 0.4% and is now trading at $50.33.
View the best growth stocks for 2023 here
.

Are investors shorting First Trust Managed Municipal ETF?

First Trust Managed Municipal ETF saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 220,600 shares, an increase of 898.2% from the April 30th total of 22,100 shares. Based on an average trading volume of 189,300 shares, the days-to-cover ratio is presently 1.2 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 announced a monthly dividend on Monday, May 22nd. Investors of record on Wednesday, May 24th will be given a dividend of $0.1275 per share on Wednesday, May 31st. This represents a $1.53 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Tuesday, May 23rd.
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 $1.86 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%.

What is First Trust Managed Municipal ETF's stock symbol?

First Trust Managed Municipal ETF trades on the NASDAQ under the ticker symbol "FMB."

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 investors include UBS Group AG (5.70%), LPL Financial LLC (5.33%), Bank of America Corp DE (4.33%), Congress Wealth Management LLC DE (2.69%), Avantax Planning Partners Inc. (2.56%) and Sequoia Financial Advisors LLC (2.02%).

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is First Trust Managed Municipal ETF's stock price today?

One share of FMB stock can currently be purchased for approximately $50.33.

How much money does First Trust Managed Municipal ETF make?

First Trust Managed Municipal ETF (NASDAQ:FMB) has a market capitalization of $1.88 billion.

How many employees does First Trust Managed Municipal ETF have?

The company employs 147,000 workers across the globe.

How can I contact First Trust Managed Municipal ETF?

The company can be reached via phone at 14089961010.

This page (NASDAQ:FMB) was last updated on 5/31/2023 by MarketBeat.com Staff

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