Summit Wealth Group LLC Co. Purchases New Position in Fidelity Municipal Bond Opportunities ETF $FMUB

Summit Wealth Group LLC Co. purchased a new position in Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 21,054 shares of the company’s stock, valued at approximately $1,015,000. Summit Wealth Group LLC Co. owned 0.32% of Fidelity Municipal Bond Opportunities ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of FMUB. Physician Wealth Advisors Inc. boosted its position in Fidelity Municipal Bond Opportunities ETF by 387.4% during the third quarter. Physician Wealth Advisors Inc. now owns 29,671 shares of the company’s stock worth $1,431,000 after purchasing an additional 23,584 shares in the last quarter. Lineweaver Wealth Advisors LLC purchased a new position in shares of Fidelity Municipal Bond Opportunities ETF in the third quarter valued at $1,429,000. Avidian Wealth Enterprises LLC purchased a new position in shares of Fidelity Municipal Bond Opportunities ETF in the third quarter valued at $1,241,000. Roxbury Financial LLC raised its stake in shares of Fidelity Municipal Bond Opportunities ETF by 101.0% during the 3rd quarter. Roxbury Financial LLC now owns 603 shares of the company’s stock worth $29,000 after buying an additional 303 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Fidelity Municipal Bond Opportunities ETF by 43.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 18,126 shares of the company’s stock worth $932,000 after buying an additional 5,452 shares during the last quarter.

Fidelity Municipal Bond Opportunities ETF Trading Up 0.2%

Fidelity Municipal Bond Opportunities ETF stock opened at $50.09 on Wednesday. Fidelity Municipal Bond Opportunities ETF has a 52 week low of $47.75 and a 52 week high of $52.24. The firm’s 50-day simple moving average is $49.31 and its 200 day simple moving average is $50.64.

Fidelity Municipal Bond Opportunities ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Thursday, October 29th were given a dividend of $0.1210 per share. The ex-dividend date was Thursday, October 29th. This is a decrease from Fidelity Municipal Bond Opportunities ETF’s previous monthly dividend of $0.1570. This represents a $1.45 dividend on an annualized basis and a yield of 2.9%.

Fidelity Municipal Bond Opportunities ETF Company 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.