Life Planning Partners Inc decreased its holdings in shares of Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN – Free Report) by 55.7% in the 3rd quarter, Holdings Channel reports. The firm owned 17,081 shares of the company’s stock after selling 21,449 shares during the period. Life Planning Partners Inc’s holdings in Fidelity Systematic Municipal Bond Index ETF were worth $800,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Financial Planning Fort Collins LLC raised its holdings in shares of Fidelity Systematic Municipal Bond Index ETF by 1.6% during the 2nd quarter. Financial Planning Fort Collins LLC now owns 37,887 shares of the company’s stock valued at $1,909,000 after buying an additional 594 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Fidelity Systematic Municipal Bond Index ETF during the 2nd quarter valued at $639,000. Nwam LLC purchased a new stake in Fidelity Systematic Municipal Bond Index ETF during the 2nd quarter valued at $350,000. Single Point Partners LLC bought a new stake in Fidelity Systematic Municipal Bond Index ETF in the 3rd quarter worth $274,000. Finally, Quantinno Capital Management LP bought a new stake in Fidelity Systematic Municipal Bond Index ETF in the 1st quarter worth $254,000.
Fidelity Systematic Municipal Bond Index ETF Price Performance
NASDAQ FMUN opened at $48.51 on Friday. Fidelity Systematic Municipal Bond Index ETF has a 1 year low of $46.32 and a 1 year high of $51.25. The business’s 50-day moving average is $48.10 and its 200 day moving average is $49.70.
Fidelity Systematic Municipal Bond Index ETF Cuts Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 29th will be paid a dividend of $0.1310 per share. This represents a $1.57 annualized dividend and a dividend yield of 3.2%. This is a drop from Fidelity Systematic Municipal Bond Index ETF’s previous monthly dividend of $0.1430. The ex-dividend date of this dividend is Thursday, October 29th.
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.
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