First Trust Managed Municipal ETF (FMB)
First Trust Managed Municipal ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $50.63, up 0.00% on the session, giving a market capitalisation of $2.07B. Its beta of 0.86 implies it has historically moved less than the broad market.
The main goal of this Fund is to provide an ongoing stream of income that is not subject to regular federal income taxes. Its secondary aim is to achieve long-term growth in the value of its investments. Under typical market conditions, the Fund works towards these objectives by allocating at least 80% of its net assets (including any borrowed capital) to municipal debt instruments that pay interest which is exempt from standard federal income taxation.
First Trust Managed Municipal ETF is most often compared with the following Financial Services names: