FMB News and Press, First Trust Managed Municipal ETF From 07/07/23

2023-07-07 19:30:00 ET Summary Look around, look almost anywhere, and the economic data is getting painful. You can start with the monthly ADP report. The ADP report stated that 497,000 new jobs were created in June. This was far past expectations, with the consensus view being ar...

2023-06-30 21:30:00 ET Summary Treasury yields continued to be extremely volatile during the second quarter as market participants digested economic data and tried to time the end of the Fed hiking cycle. The net result of interest rate movements during the quarter was higher yiel...

2023-06-30 09:45:00 ET Summary The municipal market has been able to post positive performance thus far in 2023 despite negative net mutual fund flows. Negative fund flows have been manageable as issuance has remained muted, and flows are expected to turn as funds from coupons and...

2023-06-28 10:42:09 ET First Trust Managed Municipal ETF ( NASDAQ: FMB ) declared $0.1275/share monthly dividend , in line with previous. Payable June 30; for shareholders of record June 28; ex-div June 27. See FMB Dividend Scorecard, Yield Chart, & Dividend Grow...

2023-06-27 00:42:00 ET Summary Banks are still facing pressure to up deposit rates, and clients have certainly been taking funds from banks with low interest rates on deposits to higher-yielding money market funds. It is perplexing to see a Fed that continued to support the housin...

2023-06-13 01:00:00 ET Summary Munis posted negative total returns but outperformed comparable Treasuries in May. Bank portfolio liquidations have been less disruptive than initially feared. Better valuations and improving supply-and-demand dynamics should spur summer strength...

2023-06-03 04:00:00 ET Summary Five months into 2023 and investors are still questioning the Federal Reserve’s position on how high they will bring interest rates to fight persistent inflation. The Fed meeting was the beginning of a volatile month as indices fell after the ...

2023-05-24 11:45:12 ET First Trust Managed Municipal ETF ( NASDAQ: FMB ) - $0.1275 . 30-Day SEC Yield of 3.05% as of May. 24. Payable May 31; for shareholders of record May 24; ex-div May 23. For further details see: First Trust Managed Municipal ETF declares...

2023-05-23 21:15:00 ET Summary California just released its mid-May budget update, which tells a story of further revenue slowing and an increased budget deficit. States report monthly cash flows—and combined with economic data—have expected the robust revenue growth...

2023-05-16 14:35:00 ET Summary Both the Consumer Price Index and Producer Price Index data for April confirmed that the strong but lumpy disinflationary trend continues. The US is now at a point where the Fed funds rate exceeds inflation. Historically that has signaled the end of ...