First Trust Managed Municipal ETF Price & Performance (FMB)

JPMorgan Chase & Co. has reduced its holding in the First Trust Short Duration Managed Municipal ETF (FSMB) by 0.5% during the fourth quarter, now owning 175,263 shares valued at $3.48 million. This move comes as other institutional investors also adjust their positions in the ETF, reflecting shifting sentiment in the municipal bond market.12

First Trust Advisors L.P. has announced a monthly distribution of $0.1410 per share for its Managed Municipal ETF (FMB), with the ex-dividend and record dates set for April 22 and payment on April 30. This continues the fund’s strategy of regular income for investors amid ongoing volatility in municipal bonds.34

First Trust Managed Municipal ETF (FMB) closed at $49.32 on Monday, down 0.56%. Technical indicators point to a narrow, downward trend, with forecasts suggesting further declines in the coming months. Analysts advise caution as the fund remains under pressure despite recent distribution announcements.45