Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) Trading Down 0.1% – Should You Sell?

Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB)’s stock price traded down 0.1% during mid-day trading on Tuesday . The company traded as low as $50.97 and last traded at $50.99. Approximately 21,335 shares changed hands during trading, a decline of 37% from the average session volume of 34,075 shares. The stock had previously closed at $51.03.

Fidelity Municipal Bond Opportunities ETF Price Performance

The stock has a 50-day moving average of $51.17 and a 200-day moving average of $51.15.

Fidelity Municipal Bond Opportunities ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 29th were given a $0.152 dividend. This is a boost from Fidelity Municipal Bond Opportunities ETF’s previous monthly dividend of $0.13. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, June 29th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new position in Fidelity Municipal Bond Opportunities ETF in the second quarter valued at $137,000. Jane Street Group LLC acquired a new position in shares of Fidelity Municipal Bond Opportunities ETF during the 2nd quarter worth about $1,093,000. Osaic Holdings Inc. acquired a new position in shares of Fidelity Municipal Bond Opportunities ETF during the 2nd quarter worth about $273,000. Advisory Services Network LLC bought a new position in shares of Fidelity Municipal Bond Opportunities ETF in the 3rd quarter valued at about $1,118,000. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Fidelity Municipal Bond Opportunities ETF in the 4th quarter valued at about $57,000.

About Fidelity Municipal Bond Opportunities ETF

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.