Riverview Trust Co Takes $18.84 Million Position in Fidelity Systematic Municipal Bond Index ETF $FMUN

Riverview Trust Co acquired a new position in shares of Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 387,421 shares of the company’s stock, valued at approximately $18,843,000. Fidelity Systematic Municipal Bond Index ETF makes up approximately 23.5% of Riverview Trust Co’s holdings, making the stock its biggest position. Riverview Trust Co owned approximately 11.39% of Fidelity Systematic Municipal Bond Index ETF at the end of the most recent reporting period.

Separately, Cahaba Wealth Management Inc. purchased a new position in Fidelity Systematic Municipal Bond Index ETF in the second quarter worth approximately $229,000.

Fidelity Systematic Municipal Bond Index ETF Stock Up 0.1%

NASDAQ FMUN opened at $49.88 on Thursday. Fidelity Systematic Municipal Bond Index ETF has a 52 week low of $46.11 and a 52 week high of $50.42. The business’s 50 day moving average price is $49.14.

Fidelity Systematic Municipal Bond Index ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 29th were paid a $0.139 dividend. The ex-dividend date was Monday, September 29th.

Fidelity Systematic Municipal Bond Index ETF Company Profile

The Fidelity Systematic Municipal Bond Index ETF aims to provide a high current yield exempt from federal income tax by investing at least 80% of its assets in municipal securities included in the Fidelity Systematic U.S. Municipal Bond Index.