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The First Trust Managed Municipal ETF is an actively managed exchange-traded fund. Under normal market conditions, the fund will seek to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities.
First Trust Managed Municipal ETF trades on the NASDAQ stock market under the symbol FMB.
As of September 1, 2026, FMB stock price declined to $49.76 with 163,653 million shares trading.
FMB has a beta of 0.12, meaning it tends to be less sensitive to market movements. FMB has a correlation of 0.20 to the broad based SPY ETF.
FMB has a market cap of $2.04 billion. This is considered a Mid Cap stock.
In the last 3 years, FMB traded as high as $52.13 and as low as $48.08.
FMB has underperformed the market in the last year with a return of +3.7%, while the SPY ETF gained +19.3%. In the last 3 month period, FMB fell short of the market, returning -1.8%, while SPY returned +1.0%. However, in the most recent 2 weeks FMB has outperformed the stock market by returning -1.1%, while SPY returned -1.4%.
FMB support price is $49.86 and resistance is $50.08 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FMB shares will trade within this expected range on the day.
