Summit Wealth Group LLC Co. purchased a new position in shares of Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 21,054 shares of the company’s stock, valued at approximately $1,015,000.
Several other hedge funds also recently bought and sold shares of FMUB. Avidian Wealth Enterprises LLC acquired a new position in shares of Fidelity Municipal Bond Opportunities ETF in the third quarter worth $1,241,000. Gainline Financial Partners LLC purchased a new stake in shares of Fidelity Municipal Bond Opportunities ETF in the second quarter valued at $695,000. Physician Wealth Advisors Inc. lifted its position in shares of Fidelity Municipal Bond Opportunities ETF by 387.4% in the third quarter. Physician Wealth Advisors Inc. now owns 29,671 shares of the company’s stock valued at $1,431,000 after acquiring an additional 23,584 shares in the last quarter. Lineweaver Wealth Advisors LLC acquired a new stake in shares of Fidelity Municipal Bond Opportunities ETF during the third quarter valued at $1,429,000. Finally, Cetera Investment Advisers acquired a new stake in shares of Fidelity Municipal Bond Opportunities ETF during the first quarter valued at $273,000.
Fidelity Municipal Bond Opportunities ETF Trading Up 0.2%
Fidelity Municipal Bond Opportunities ETF stock opened at $50.09 on Wednesday. The stock has a 50-day moving average price of $49.31 and a 200 day moving average price of $50.64. Fidelity Municipal Bond Opportunities ETF has a 52 week low of $47.75 and a 52 week high of $52.24.
Fidelity Municipal Bond Opportunities ETF Cuts Dividend
The company also recently announced a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Thursday, October 29th were issued a $0.1210 dividend. This is a negative change from Fidelity Municipal Bond Opportunities ETF’s previous monthly dividend of $0.1570. The ex-dividend date was Thursday, October 29th. This represents a $1.45 dividend on an annualized basis and a yield of 2.9%.
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.
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