Crosspoint Financial LLC Makes New $992,000 Investment in Fidelity Municipal Bond Opportunities ETF $FMUB

Crosspoint Financial LLC purchased a new position in Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 20,563 shares of the company’s stock, valued at approximately $992,000. Fidelity Municipal Bond Opportunities ETF makes up approximately 2.0% of Crosspoint Financial LLC’s investment portfolio, making the stock its 15th biggest holding. Crosspoint Financial LLC owned about 0.30% of Fidelity Municipal Bond Opportunities ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FMUB. Roxbury Financial LLC grew its position in shares of Fidelity Municipal Bond Opportunities ETF by 101.0% during the third quarter. Roxbury Financial LLC now owns 603 shares of the company’s stock valued at $29,000 after purchasing an additional 303 shares in the last quarter. MCF Advisors LLC increased its holdings in shares of Fidelity Municipal Bond Opportunities ETF by 45.5% in the second quarter. MCF Advisors LLC now owns 1,280 shares of the company’s stock worth $66,000 after purchasing an additional 400 shares during the last quarter. IFP Advisors Inc bought a new stake in shares of Fidelity Municipal Bond Opportunities ETF in the second quarter worth about $103,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Fidelity Municipal Bond Opportunities ETF in the second quarter worth about $123,000. Finally, Kestra Advisory Services LLC lifted its position in shares of Fidelity Municipal Bond Opportunities ETF by 38.2% in the first quarter. Kestra Advisory Services LLC now owns 13,376 shares of the company’s stock worth $677,000 after buying an additional 3,700 shares in the last quarter.

Fidelity Municipal Bond Opportunities ETF Price Performance

Shares of Fidelity Municipal Bond Opportunities ETF stock opened at $50.56 on Monday. The stock has a 50 day moving average of $49.31 and a 200 day moving average of $50.63. Fidelity Municipal Bond Opportunities ETF has a 12 month low of $47.75 and a 12 month high of $52.24.

Fidelity Municipal Bond Opportunities ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Thursday, October 29th were paid a $0.1210 dividend. This represents a $1.45 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, October 29th. This is a negative change from Fidelity Municipal Bond Opportunities ETF’s previous monthly dividend of $0.1570.

Fidelity Municipal Bond Opportunities ETF 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.