First Trust Managed Municipal ETF (FMB)

55.61
Delayed Data
As of 3:59pm ET
 +0.02 / +0.04%
Today’s Change
48.96
Today|||52-Week Range
57.49
+0.11%
Year-to-Date

Investment Objective

The investment seeks to generate current income that is exempt from regular federal income taxes and its secondary objective is long term capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes.

Our 'Borrower's Paradise' Continues
Sep 21 / Seeking Alpha - Paid Partner Content
Municipal Pension Sophistry Exposes More Cracks In AGO, Muni Bond ETFs
Sep 17 / Seeking Alpha - Paid Partner Content
Muni Haircuts
Sep 18 / Seeking Alpha - Paid Partner Content
Treasury Curve Bear-Steepened; Muni Yields Higher - Muni Fortnightly, August 31, 2020
Sep 06 / Seeking Alpha - Paid Partner Content
Muni Bond Defaults Remain Rare Through 2019
Sep 17 / Seeking Alpha - Paid Partner Content
Treasuries Had A Bear-Steepening Week: Fixed Income Weekly Monitor, August 31, 2020
Sep 02 / Seeking Alpha - Paid Partner Content

Performance

1 month+0.10% 3 years+4.11%
3 months+1.84% 5 years+4.38%
1 year+2.68% Since inception+4.44%
Data through 09/30/2020

Quote Details

Previous close$55.59
Open day’s range55.59 – 55.62
Net asset value (NAV)55.65 (09/29/2020)
Daily volume1,439
Average volume (3 months)113,078
Data as of 3:59pm ET, 10/01/2020

Peer Comparisonvs. Muni national interm ETFs

 FMBCategory
Performance 5-yr return+4.38%+3.14%
Expense Gross exp ratio0.65%0.72%
Risk 5 year sharpe ratio0.720.57
Net assets$1.6B$2.5B
Average market cap----
Average P/E----
Dividend / Share--0.02%

Competitors

VTEB Vanguard Tax-Exempt Bond Index Fund ETF ...
MUB iShares National Muni Bond ETF
MUNI PIMCO Intermediate Municipal Bond Active...

Holdings

Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- 3.06%
-- 0.90%
-- 0.81%
-- 0.66%
-- 0.66%
-- 0.61%
-- 0.59%
-- 0.59%
-- 0.57%
-- 0.52%