Thrivent Financial for Lutherans Buys New Holdings in JPMorgan Municipal ETF $JMUB

Thrivent Financial for Lutherans purchased a new stake in shares of JPMorgan Municipal ETF (BATS:JMUBFree Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 145,007 shares of the company’s stock, valued at approximately $7,318,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JMUB. Financial Gravity Companies Inc. purchased a new stake in shares of JPMorgan Municipal ETF during the 2nd quarter worth about $28,000. Briaud Financial Planning Inc purchased a new position in JPMorgan Municipal ETF in the second quarter valued at approximately $48,000. Archer Investment Corp acquired a new position in JPMorgan Municipal ETF during the third quarter valued at approximately $58,000. Cape Investment Advisory Inc. grew its stake in JPMorgan Municipal ETF by 698.2% during the second quarter. Cape Investment Advisory Inc. now owns 1,740 shares of the company’s stock worth $86,000 after buying an additional 1,522 shares during the period. Finally, AE Wealth Management LLC increased its position in shares of JPMorgan Municipal ETF by 49.9% in the third quarter. AE Wealth Management LLC now owns 1,889 shares of the company’s stock worth $95,000 after acquiring an additional 629 shares in the last quarter.

JPMorgan Municipal ETF Trading Up 2.2%

Shares of JMUB stock opened at $50.88 on Friday. The company’s fifty day simple moving average is $50.65 and its 200-day simple moving average is $50.31. JPMorgan Municipal ETF has a 52 week low of $47.95 and a 52 week high of $51.31. The company has a market cap of $3.12 billion, a PE ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.1414 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Monday, February 2nd.

JPMorgan Municipal ETF Profile

(Free Report)

The JPMorgan Municipal ETF (JMUB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund holds an actively managed portfolio of various US municipal securities. JMUB was launched on Oct 29, 2018 and is managed by JPMorgan Chase.

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Institutional Ownership by Quarter for JPMorgan Municipal ETF (BATS:JMUB)

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