Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) Shares Up 0.4% – Should You Buy?

Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUBGet Free Report) shot up 0.4% on Tuesday . The stock traded as high as $50.98 and last traded at $50.97. 25,723 shares were traded during trading, a decline of 25% from the average session volume of 34,498 shares. The stock had previously closed at $50.75.

Fidelity Municipal Bond Opportunities ETF Stock Performance

The firm has a fifty day simple moving average of $50.92 and a two-hundred day simple moving average of $51.10.

Fidelity Municipal Bond Opportunities ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, May 1st. Shareholders of record on Wednesday, April 29th were issued a dividend of $0.141 per share. The ex-dividend date was Wednesday, April 29th. This represents a c) annualized dividend and a yield of 3.3%. This is a boost from Fidelity Municipal Bond Opportunities ETF’s previous monthly dividend of $0.13.

Hedge Funds Weigh In On Fidelity Municipal Bond Opportunities ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. MCF Advisors LLC purchased a new position in shares of Fidelity Municipal Bond Opportunities ETF in the 4th quarter worth approximately $45,000. Flagship Harbor Advisors LLC purchased a new position in shares of Fidelity Municipal Bond Opportunities ETF in the 4th quarter worth approximately $57,000. JPMorgan Chase & Co. purchased a new position in shares of Fidelity Municipal Bond Opportunities ETF in the 2nd quarter worth approximately $137,000. HRT Financial LP purchased a new position in shares of Fidelity Municipal Bond Opportunities ETF in the 4th quarter worth approximately $250,000. Finally, Cetera Investment Advisers purchased a new position in shares of Fidelity Municipal Bond Opportunities ETF in the 1st quarter worth approximately $273,000.

Fidelity Municipal Bond Opportunities ETF Company Profile

(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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