Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) Stock Price Down 0.1% – Here’s What Happened

Shares of Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUBGet Free Report) were down 0.1% during trading on Tuesday . The stock traded as low as $50.97 and last traded at $50.99. 21,335 shares were traded during mid-day trading, a decline of 37% from the average session volume of 34,075 shares. The stock had previously closed at $51.03.

Fidelity Municipal Bond Opportunities ETF Stock Performance

The company has a 50-day moving average of $51.17 and a 200-day moving average of $51.15.

Fidelity Municipal Bond Opportunities ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 29th were given a dividend of $0.152 per share. The ex-dividend date of this dividend was Monday, June 29th. This is a positive change from Fidelity Municipal Bond Opportunities ETF’s previous monthly dividend of $0.13. This represents a c) annualized dividend and a yield of 3.6%.

Hedge Funds Weigh In On Fidelity Municipal Bond Opportunities ETF

Institutional investors have recently made changes to their positions in the stock. MCF Advisors LLC purchased a new stake in shares of Fidelity Municipal Bond Opportunities ETF in the fourth quarter valued at $45,000. Flagship Harbor Advisors LLC purchased a new stake in Fidelity Municipal Bond Opportunities ETF during the 4th quarter worth about $57,000. JPMorgan Chase & Co. acquired a new position in Fidelity Municipal Bond Opportunities ETF in the 2nd quarter valued at about $137,000. HRT Financial LP acquired a new position in Fidelity Municipal Bond Opportunities ETF in the 4th quarter valued at about $250,000. Finally, Cetera Investment Advisers purchased a new position in Fidelity Municipal Bond Opportunities ETF in the 1st quarter valued at about $273,000.

About Fidelity Municipal Bond Opportunities ETF

(Get Free Report)

The Fidelity Municipal Bond Opportunities ETF seeks to provide a high current yield exempt from federal income tax, with growth of capital as a secondary objective. The ETF normally invests at least 80% of its assets in municipal securities whose interest is exempt from federal income tax.

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