Lineweaver Wealth Advisors LLC Makes New $1.43 Million Investment in Fidelity Municipal Bond Opportunities ETF $FMUB

by · The Markets Daily

Lineweaver Wealth Advisors LLC purchased a new position in Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 29,636 shares of the company’s stock, valued at approximately $1,429,000. Lineweaver Wealth Advisors LLC owned about 0.58% of Fidelity Municipal Bond Opportunities ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Avidian Wealth Enterprises LLC bought a new stake in shares of Fidelity Municipal Bond Opportunities ETF during the 3rd quarter worth $1,241,000. Gainline Financial Partners LLC bought a new position in Fidelity Municipal Bond Opportunities ETF in the second quarter valued at $695,000. Envestnet Asset Management Inc. increased its stake in Fidelity Municipal Bond Opportunities ETF by 43.0% in the second quarter. Envestnet Asset Management Inc. now owns 18,126 shares of the company’s stock valued at $932,000 after acquiring an additional 5,452 shares during the last quarter. Cetera Investment Advisers bought a new position in Fidelity Municipal Bond Opportunities ETF in the first quarter valued at $273,000. Finally, NewEdge Advisors LLC purchased a new stake in Fidelity Municipal Bond Opportunities ETF during the second quarter valued at about $235,000.

Fidelity Municipal Bond Opportunities ETF Trading Up 0.4%

NASDAQ FMUB traded up $0.18 during trading hours on Tuesday, reaching $48.81. 267,378 shares of the stock traded hands, compared to its average volume of 48,857. The stock has a 50 day simple moving average of $49.71 and a two-hundred day simple moving average of $50.58. Fidelity Municipal Bond Opportunities ETF has a 1 year low of $47.75 and a 1 year high of $53.88.

Fidelity Municipal Bond Opportunities ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 29th were given a dividend of $0.1570 per share. This is a boost from Fidelity Municipal Bond Opportunities ETF’s previous monthly dividend of $0.1430. The ex-dividend date was Tuesday, September 29th. This represents a $1.88 annualized dividend and a dividend yield of 3.9%.

Fidelity Municipal Bond Opportunities ETF Company Profile

(Free Report)

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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