Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) Shares Down 0.1% – What’s Next?

Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB)’s stock price fell 0.1% on Thursday . The stock traded as low as $50.64 and last traded at $50.71. Approximately 37,531 shares changed hands during mid-day trading, an increase of 8% from the average session volume of 34,824 shares. The stock had previously closed at $50.76.

Fidelity Municipal Bond Opportunities ETF Stock Performance

The business’s 50-day simple moving average is $51.05 and its 200-day simple moving average is $51.09.

Fidelity Municipal Bond Opportunities ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, August 3rd. Investors of record on Thursday, July 30th were issued a dividend of $0.142 per share. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Thursday, July 30th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. MCF Advisors LLC acquired a new stake in Fidelity Municipal Bond Opportunities ETF during the 4th quarter worth about $45,000. JPMorgan Chase & Co. purchased a new stake in shares of Fidelity Municipal Bond Opportunities ETF in the second quarter worth about $137,000. HRT Financial LP acquired a new stake in Fidelity Municipal Bond Opportunities ETF during the fourth quarter worth about $250,000. Osaic Holdings Inc. acquired a new stake in Fidelity Municipal Bond Opportunities ETF during the second quarter worth about $273,000. Finally, Cetera Investment Advisers purchased a new position in Fidelity Municipal Bond Opportunities ETF during the first quarter valued at approximately $273,000.

Fidelity Municipal Bond Opportunities ETF Company 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.