Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) Trading 0.2% Higher – Time to Buy?

Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN)’s stock price shot up 0.2% during trading on Thursday . The stock traded as high as $51.04 and last traded at $51.02. 18,756 shares changed hands during trading, an increase of 35% from the average session volume of 13,890 shares. The stock had previously closed at $50.92.

Fidelity Systematic Municipal Bond Index ETF Stock Up 0.2%

The company’s fifty day moving average is $50.52 and its two-hundred day moving average is $50.03.

Fidelity Systematic Municipal Bond Index ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Thursday, January 29th were given a $0.133 dividend. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Thursday, January 29th.

Institutional Investors Weigh In On Fidelity Systematic Municipal Bond Index ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FMUN. Jane Street Group LLC acquired a new position in Fidelity Systematic Municipal Bond Index ETF in the second quarter valued at about $6,639,000. Global Retirement Partners LLC bought a new stake in shares of Fidelity Systematic Municipal Bond Index ETF in the 4th quarter valued at about $2,189,000. Osaic Holdings Inc. acquired a new stake in shares of Fidelity Systematic Municipal Bond Index ETF in the 2nd quarter valued at approximately $1,748,000. Financial Planning Fort Collins LLC bought a new position in Fidelity Systematic Municipal Bond Index ETF during the 4th quarter worth approximately $1,733,000. Finally, Mars Jewett Financial Group Inc. bought a new position in Fidelity Systematic Municipal Bond Index ETF during the 4th quarter worth approximately $653,000.

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.