Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) Stock Price Up 0.3% – Here’s Why

Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB)’s share price rose 0.3% during mid-day trading on Thursday . The company traded as high as $51.55 and last traded at $51.39. Approximately 24,449 shares changed hands during mid-day trading, a decline of 25% from the average session volume of 32,546 shares. The stock had previously closed at $51.23.

Fidelity Municipal Bond Opportunities ETF Stock Performance

The firm’s 50 day moving average price is $51.08 and its 200 day moving average price is $51.11.

Fidelity Municipal Bond Opportunities ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, June 1st. Investors of record on Thursday, May 28th were issued a dividend of $0.133 per share. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Thursday, May 28th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FMUB. Hicks Capital Management LLC lifted its holdings in Fidelity Municipal Bond Opportunities ETF by 2.6% in the 4th quarter. Hicks Capital Management LLC now owns 10,401 shares of the company’s stock worth $530,000 after buying an additional 265 shares during the period. Aptus Capital Advisors LLC increased its stake in shares of Fidelity Municipal Bond Opportunities ETF by 3.2% during the fourth quarter. Aptus Capital Advisors LLC now owns 17,559 shares of the company’s stock valued at $895,000 after buying an additional 537 shares during the period. Landmark Wealth Management LLC raised its holdings in shares of Fidelity Municipal Bond Opportunities ETF by 4.9% during the fourth quarter. Landmark Wealth Management LLC now owns 12,693 shares of the company’s stock valued at $647,000 after acquiring an additional 596 shares in the last quarter. MCF Advisors LLC bought a new position in shares of Fidelity Municipal Bond Opportunities ETF during the fourth quarter valued at approximately $45,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in Fidelity Municipal Bond Opportunities ETF in the fourth quarter worth $57,000.

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.