Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) Shares Up 0.2% – Time to Buy?

Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) shares traded up 0.2% during trading on Thursday . The stock traded as high as $51.04 and last traded at $51.02. 18,756 shares traded hands during mid-day trading, an increase of 35% from the average session volume of 13,890 shares. The stock had previously closed at $50.92.

Fidelity Systematic Municipal Bond Index ETF Stock Performance

The business has a 50 day moving average of $50.54 and a two-hundred day moving average of $50.05.

Fidelity Systematic Municipal Bond Index ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Thursday, January 29th were given a dividend of $0.133 per share. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, January 29th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FMUN. Financial Planning Fort Collins LLC bought a new position in shares of Fidelity Systematic Municipal Bond Index ETF during the 4th quarter worth approximately $1,733,000. Mars Jewett Financial Group Inc. purchased a new position in Fidelity Systematic Municipal Bond Index ETF in the fourth quarter worth $653,000. Kestra Advisory Services LLC acquired a new position in shares of Fidelity Systematic Municipal Bond Index ETF during the fourth quarter worth $169,000. Global Retirement Partners LLC acquired a new position in shares of Fidelity Systematic Municipal Bond Index ETF during the fourth quarter worth $2,189,000. Finally, Sigma Planning Corp purchased a new stake in shares of Fidelity Systematic Municipal Bond Index ETF during the 4th quarter valued at $346,000.

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.