Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) Shares Down 0.3% – Time to Sell?

Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) fell 0.3% on Thursday . The company traded as low as $50.20 and last traded at $50.27. 6,033 shares traded hands during trading, a decline of 30% from the average session volume of 8,571 shares. The stock had previously closed at $50.42.

Fidelity Systematic Municipal Bond Index ETF Trading Down 0.3%

The business has a 50-day moving average of $50.07 and a 200-day moving average of $49.14.

Fidelity Systematic Municipal Bond Index ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, November 3rd. Investors of record on Thursday, October 30th were given a dividend of $0.135 per share. The ex-dividend date of this dividend was Thursday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Riverview Trust Co purchased a new stake in shares of Fidelity Systematic Municipal Bond Index ETF in the 2nd quarter valued at $18,843,000. Jane Street Group LLC purchased a new position in shares of Fidelity Systematic Municipal Bond Index ETF in the second quarter valued at approximately $6,639,000. Life Planning Partners Inc acquired a new position in shares of Fidelity Systematic Municipal Bond Index ETF in the second quarter valued at approximately $2,797,000. Osaic Holdings Inc. purchased a new stake in Fidelity Systematic Municipal Bond Index ETF during the 2nd quarter worth approximately $1,748,000. Finally, Avidian Wealth Enterprises LLC lifted its holdings in Fidelity Systematic Municipal Bond Index ETF by 5.2% during 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 in the last quarter.

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.