Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) Shares Up 0.1% – Here’s What Happened

Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) shot up 0.1% during mid-day trading on Friday . The company traded as high as $50.33 and last traded at $50.31. 4,938 shares traded hands during trading, a decline of 43% from the average session volume of 8,673 shares. The stock had previously closed at $50.28.

Fidelity Systematic Municipal Bond Index ETF Stock Performance

The company’s fifty day moving average is $50.27 and its 200-day moving average is $49.42.

Fidelity Systematic Municipal Bond Index ETF Increases Dividend

The business also recently declared a dividend, which was paid on Monday, December 1st. Stockholders of record on Wednesday, November 26th were given a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, November 26th. This is a positive change from Fidelity Systematic Municipal Bond Index ETF’s previous dividend of $0.14.

Institutional Investors Weigh In On Fidelity Systematic Municipal Bond Index ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc grew its stake in Fidelity Systematic Municipal Bond Index ETF by 50.9% in the third quarter. IFP Advisors Inc now owns 1,569 shares of the company’s stock valued at $78,000 after purchasing an additional 529 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Fidelity Systematic Municipal Bond Index ETF in the 3rd quarter valued at about $29,000. Investment Advisory Group LLC purchased a new position in shares of Fidelity Systematic Municipal Bond Index ETF in the 3rd quarter worth approximately $247,000. Avidian Wealth Enterprises LLC grew its position in shares of Fidelity Systematic Municipal Bond Index ETF by 5.2% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 12,411 shares of the company’s stock worth $618,000 after buying an additional 613 shares during the last quarter. Finally, Osaic Holdings Inc. bought a new position in shares of Fidelity Systematic Municipal Bond Index ETF during the 2nd quarter worth approximately $1,748,000.

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.