Avidian Wealth Enterprises LLC Buys New Shares in Fidelity Systematic Municipal Bond Index ETF $FMUN

Avidian Wealth Enterprises LLC bought a new stake in shares of Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 11,798 shares of the company’s stock, valued at approximately $574,000.

Several other institutional investors and hedge funds also recently made changes to their positions in FMUN. IFP Advisors Inc bought a new position in shares of Fidelity Systematic Municipal Bond Index ETF during the 2nd quarter valued at $51,000. Cahaba Wealth Management Inc. bought a new position in shares of Fidelity Systematic Municipal Bond Index ETF during the 2nd quarter valued at $229,000. Moneywise Inc. bought a new position in shares of Fidelity Systematic Municipal Bond Index ETF during the 2nd quarter valued at $244,000. Life Planning Partners Inc bought a new position in shares of Fidelity Systematic Municipal Bond Index ETF during the 2nd quarter valued at $2,797,000. Finally, Riverview Trust Co bought a new position in shares of Fidelity Systematic Municipal Bond Index ETF during the 2nd quarter valued at $18,843,000.

Fidelity Systematic Municipal Bond Index ETF Stock Up 0.1%

FMUN stock opened at $50.47 on Thursday. Fidelity Systematic Municipal Bond Index ETF has a 52 week low of $46.11 and a 52 week high of $50.57. The firm’s fifty day moving average is $49.59 and its 200 day moving average is $48.91.

Fidelity Systematic Municipal Bond Index ETF Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 29th were given a dividend of $0.139 per share. The ex-dividend date of this dividend was Monday, September 29th.

Fidelity Systematic Municipal Bond Index ETF 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.