Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) Stock Price Down 0.3% – Here’s What Happened

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

Fidelity Systematic Municipal Bond Index ETF Stock Down 0.3%

The stock’s 50 day moving average is $50.07 and its two-hundred day moving average is $49.14.

Fidelity Systematic Municipal Bond Index ETF Announces Dividend

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

Hedge Funds Weigh In On Fidelity Systematic Municipal Bond Index ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Riverview Trust Co purchased a new stake in shares of Fidelity Systematic Municipal Bond Index ETF in the second quarter valued at approximately $18,843,000. Jane Street Group LLC acquired a new position in shares of Fidelity Systematic Municipal Bond Index ETF during the 2nd quarter valued at about $6,639,000. Life Planning Partners Inc purchased a new stake in shares of Fidelity Systematic Municipal Bond Index ETF in the second quarter valued at about $2,797,000. Osaic Holdings Inc. acquired a new stake in Fidelity Systematic Municipal Bond Index ETF during the second quarter worth about $1,748,000. Finally, Avidian Wealth Enterprises LLC raised its stake in Fidelity Systematic Municipal Bond Index ETF by 5.2% during the third quarter. Avidian Wealth Enterprises LLC now owns 12,411 shares of the company’s stock worth $618,000 after purchasing an additional 613 shares during the period.

About Fidelity Systematic Municipal Bond Index ETF

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.