Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) Shares Down 0.1% – Should You Sell?

Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB)’s share price dropped 0.1% during trading on Tuesday . The company traded as low as $50.97 and last traded at $50.99. Approximately 21,335 shares traded hands during trading, a decline of 37% from the average daily volume of 34,075 shares. The stock had previously closed at $51.03.

Fidelity Municipal Bond Opportunities ETF Trading Down 0.1%

The business has a 50-day simple moving average of $51.17 and a two-hundred day simple moving average of $51.15.

Fidelity Municipal Bond Opportunities ETF Increases Dividend

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

Institutional Investors Weigh In On Fidelity Municipal Bond Opportunities ETF

Large investors have recently added to or reduced their stakes in the business. CWM LLC lifted its holdings in Fidelity Municipal Bond Opportunities ETF by 3.8% during the 4th quarter. CWM LLC now owns 1,021,446 shares of the company’s stock valued at $52,053,000 after purchasing an additional 37,688 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in Fidelity Municipal Bond Opportunities ETF by 26.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 146,900 shares of the company’s stock worth $7,486,000 after purchasing an additional 30,478 shares during the period. Avidian Wealth Enterprises LLC increased its holdings in shares of Fidelity Municipal Bond Opportunities ETF by 158.3% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 31,000 shares of the company’s stock valued at $1,580,000 after purchasing an additional 19,000 shares during the last quarter. Advisory Services Network LLC increased its holdings in shares of Fidelity Municipal Bond Opportunities ETF by 5.6% in the fourth quarter. Advisory Services Network LLC now owns 23,216 shares of the company’s stock valued at $1,183,000 after purchasing an additional 1,239 shares during the last quarter. Finally, Jane Street Group LLC raised its position in shares of Fidelity Municipal Bond Opportunities ETF by 198.9% in the fourth quarter. Jane Street Group LLC now owns 22,549 shares of the company’s stock valued at $1,149,000 after purchasing an additional 15,006 shares during the period.

About Fidelity Municipal Bond Opportunities ETF

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.