CENTRAL TRUST Co Reduces Stake in JPMorgan Municipal ETF $JMUB

CENTRAL TRUST Co lessened its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 2.6% during the 3rd quarter, Holdings Channel reports. The fund owned 655,418 shares of the company’s stock after selling 17,258 shares during the quarter. CENTRAL TRUST Co’s holdings in JPMorgan Municipal ETF were worth $33,079,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Gravity Companies Inc. purchased a new stake in shares of JPMorgan Municipal ETF in the second quarter valued at about $28,000. Briaud Financial Planning Inc acquired a new position in JPMorgan Municipal ETF in the 2nd quarter valued at about $48,000. Archer Investment Corp purchased a new stake in shares of JPMorgan Municipal ETF in the 3rd quarter valued at approximately $58,000. Cape Investment Advisory Inc. increased its holdings in shares of JPMorgan Municipal ETF by 698.2% during the 2nd 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 last quarter. Finally, AE Wealth Management LLC raised its position in shares of JPMorgan Municipal ETF by 49.9% during the 3rd quarter. AE Wealth Management LLC now owns 1,889 shares of the company’s stock valued at $95,000 after buying an additional 629 shares during the period.

JPMorgan Municipal ETF Stock Performance

JMUB opened at $51.01 on Friday. The stock has a market capitalization of $3.13 billion, a PE ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a one year low of $47.95 and a one year high of $51.02. The business’s 50 day moving average price is $50.68 and its 200 day moving average price is $50.37.

JPMorgan Municipal ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were paid a $0.1414 dividend. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, February 2nd.

About JPMorgan Municipal ETF

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.