About First Trust Managed Municipal ETF (FMB)

The First Trust Managed Municipal ETF (FMB) is an exchange-traded fund that seeks to provide investors with exposure to a diversified portfolio of municipal bonds. With a focus on actively managed municipal bond investments, FMB aims to generate income exempt from federal income tax. The fund typically holds a broadly diversified portfolio of investment-grade municipal bonds, which are issued by state and local government entities to finance public projects. This includes bonds issued for infrastructure development, education, healthcare, transportation, and more. By investing in FMB, investors can benefit from the potential tax advantages of municipal bonds while gaining exposure to a diversified basket of these securities.

As of the latest available market data, the price of FMB stood at $51.34 per share. Please note that ETF prices can fluctuate, and it's essential to refer to real-time market data for the most up-to-date information. The fund has shown resilience and stability, making it an attractive option for income-seeking investors looking for exposure to the municipal bond market. FMB has a market capitalization of approximately $3.5 billion, indicating its popularity and ability to attract investments. This ETF can be an attractive solution for investors seeking tax-efficient income and potential diversification benefits.