First Trust Managed Municipal ETF Stock Forecast, Price & News

Wall Street analysts have given First Trust Managed Municipal ETF a "N/A" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but First Trust Managed Municipal ETF wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

First Trust Managed Municipal ETF saw a drop in short interest in January. As of January 29th, there was short interest totaling 87,600 shares, a drop of 24.4% from the January 14th total of 115,900 shares. Based on an average trading volume of 151,600 shares, the days-to-cover ratio is presently 0.6 days.
View First Trust Managed Municipal ETF's Short Interest.

First Trust Managed Municipal ETF's stock was trading at $55.78 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, FMB stock has increased by 0.8% and is now trading at $56.24.
View which stocks have been most impacted by COVID-19.

First Trust Managed Municipal ETF declared a monthly dividend on Wednesday, January 20th. Shareholders of record on Friday, January 22nd will be paid a dividend of $0.097 per share on Friday, January 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Thursday, January 21st.
View First Trust Managed Municipal ETF's dividend history.

First Trust Managed Municipal ETF pays an annual dividend of $1.22 per share and currently has a dividend yield of 2.17%.
View First Trust Managed Municipal ETF's dividend history.

Based on aggregate information from My MarketBeat watchlists, some companies that other First Trust Managed Municipal ETF investors own include First Trust Senior Loan Fund (FTSL), (AEP), WisdomTree U.S. Quality Dividend Growth Fund (DGRW), First Trust TCW Opportunistic Fixed Income ETF (FIXD), First Trust Tactical High Yield ETF (HYLS), International Business Machines (IBM), (IGIB), Illinois Tool Works (ITW), First Trust Low Duration Opportunities ETF (LMBS) and Legg Mason Low Volatility High Dividend ETF (LVHD).

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

First Trust Managed Municipal ETF's stock is owned by many different institutional and retail investors. Top institutional investors include Morgan Stanley (6.97%), LPL Financial LLC (3.98%), Wells Fargo & Company MN (3.88%), Raymond James Financial Services Advisors Inc. (1.94%), Pinnacle Advisory Group Inc. (1.37%) and Avantax Advisory Services Inc. (1.09%).

FMB stock was sold by a variety of institutional investors in the last quarter, including Raymond James Financial Services Advisors Inc., Avantax Advisory Services Inc., LexAurum Advisors LLC, Avantax Planning Partners Inc., Crumly & Associates Inc., GWM Advisors LLC, Teamwork Financial Advisors LLC, and Stonebridge Financial Planning Group LLC.

FMB stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, CWA Asset Management Group LLC, CWA Asset Management Group LLC, LPL Financial LLC, Koshinski Asset Management Inc., Landsberg Bennett & Dubbaneh LLC, ARQ Wealth Advisors LLC, and Wells Fargo & Company MN.

Shares of FMB 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.

One share of FMB stock can currently be purchased for approximately $56.24.

First Trust Managed Municipal ETF has a market capitalization of $1.97 billion.