(FMB) Managed Municipal - NASDAQ
ETF Category: Muni National Interm | Exchange: NASDAQ (USA) | Market Cap: 2.039m USD | Total Return: 7.2% in 12m
Avg Turnover: 7.30M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
The First Trust Managed Municipal ETF (FMB) is an actively managed exchange-traded fund focused on generating tax-exempt income. Under normal market conditions, the fund allocates at least 80% of its net assets to municipal debt securities where the interest payments are exempt from regular federal income taxes.
Municipal bonds are debt obligations issued by states, cities, or other local government entities to fund public projects such as schools, highways, and water systems. This sector typically offers lower default rates compared to corporate bonds and provides a tax-advantaged vehicle for investors in higher income brackets.
Investors can evaluate the funds historical performance and yield metrics in greater detail on ValueRay. This ETF falls within the Muni National Intermediate category, generally targeting bonds with mid-range maturities to balance interest rate risk and income potential.
- Federal Reserve interest rate pivots dictate underlying municipal bond valuations
- National infrastructure spending levels influence new municipal debt issuance volume
- Changes in federal income tax rates affect demand for tax-exempt yields
- Credit quality shifts in state and local governments impact net asset value
- Market liquidity fluctuations determine bid-ask spreads for municipal debt securities
As of June 20, 2026, the stock is trading at USD 51.39 with a total of 113,600 shares traded.
Over the past week, the price has changed by +0.21%,
over one month by +1.67%,
over three months by +1.29% and
over the past year by +7.22%.
Managed Municipal has no consensus analysts rating.