Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) Stock Price Up 0.3% – Still a Buy?

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

Fidelity Municipal Bond Opportunities ETF Stock Performance

The business’s fifty day simple moving average is $51.09 and its 200 day simple moving average is $51.11.

Fidelity Municipal Bond Opportunities ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, June 1st. Stockholders of record on Thursday, May 28th 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, May 28th.

Institutional Investors Weigh In On Fidelity Municipal Bond Opportunities ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC increased its stake in shares of Fidelity Municipal Bond Opportunities ETF by 3.8% in the 4th quarter. CWM LLC now owns 1,021,446 shares of the company’s stock valued at $52,053,000 after acquiring an additional 37,688 shares during the last quarter. Aptus Capital Advisors LLC bought a new position in Fidelity Municipal Bond Opportunities ETF during the 3rd quarter worth approximately $866,000. Accredited Wealth Management LLC bought a new position in Fidelity Municipal Bond Opportunities ETF during the 3rd quarter worth approximately $6,550,000. JPMorgan Chase & Co. grew its holdings in Fidelity Municipal Bond Opportunities ETF by 554.5% during the third quarter. JPMorgan Chase & Co. now owns 18,052 shares of the company’s stock valued at $918,000 after purchasing an additional 15,294 shares during the period. Finally, Avidian Wealth Enterprises LLC grew its holdings in Fidelity Municipal Bond Opportunities ETF by 158.3% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 31,000 shares of the company’s stock valued at $1,580,000 after purchasing an additional 19,000 shares during the period.

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.