Gainline Financial Partners LLC Takes $695,000 Position in Fidelity Municipal Bond Opportunities ETF $FMUB

Gainline Financial Partners LLC acquired a new position in shares of Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 13,514 shares of the company’s stock, valued at approximately $695,000. Fidelity Municipal Bond Opportunities ETF accounts for about 0.6% of Gainline Financial Partners LLC’s holdings, making the stock its 26th biggest holding.

Several other hedge funds also recently bought and sold shares of FMUB. MCF Advisors LLC acquired a new position in shares of Fidelity Municipal Bond Opportunities ETF in the fourth quarter worth $45,000. JPMorgan Chase & Co. purchased a new position in Fidelity Municipal Bond Opportunities ETF in the 2nd quarter valued at about $137,000. HRT Financial LP purchased a new position in Fidelity Municipal Bond Opportunities ETF in the 4th quarter valued at about $250,000. Sigma Planning Corp purchased a new stake in shares of Fidelity Municipal Bond Opportunities ETF during the fourth quarter worth about $274,000. Finally, Cetera Investment Advisers purchased a new stake in shares of Fidelity Municipal Bond Opportunities ETF during the first quarter worth about $273,000.

Fidelity Municipal Bond Opportunities ETF Price Performance

NASDAQ:FMUB opened at $50.04 on Friday. Fidelity Municipal Bond Opportunities ETF has a 1-year low of $49.75 and a 1-year high of $53.88. The firm has a 50 day simple moving average of $50.82 and a 200-day simple moving average of $51.01.

Fidelity Municipal Bond Opportunities ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 28th were issued a $0.143 dividend. This is a positive change from Fidelity Municipal Bond Opportunities ETF’s previous monthly dividend of $0.14. The ex-dividend date was Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%.

Fidelity Municipal Bond Opportunities ETF Profile

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.