IAG Wealth Partners LLC Grows Position in JPMorgan Municipal ETF $JMUB

IAG Wealth Partners LLC raised its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 6.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 326,468 shares of the company’s stock after acquiring an additional 20,779 shares during the period. JPMorgan Municipal ETF makes up approximately 2.1% of IAG Wealth Partners LLC’s holdings, making the stock its 16th biggest holding. IAG Wealth Partners LLC owned approximately 0.53% of JPMorgan Municipal ETF worth $16,206,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. ST Germain D J Co. Inc. bought a new stake in JPMorgan Municipal ETF in the second quarter worth $25,000. Financial Gravity Companies Inc. bought a new stake in shares of JPMorgan Municipal ETF in the 2nd quarter worth about $28,000. Briaud Financial Planning Inc purchased a new stake in shares of JPMorgan Municipal ETF during the 2nd quarter valued at about $48,000. Abound Wealth Management purchased a new stake in shares of JPMorgan Municipal ETF during the 2nd quarter valued at about $78,000. Finally, Ameriflex Group Inc. lifted its holdings in shares of JPMorgan Municipal ETF by 360.0% in the 2nd quarter. Ameriflex Group Inc. now owns 2,300 shares of the company’s stock valued at $114,000 after acquiring an additional 1,800 shares during the last quarter.

JPMorgan Municipal ETF Price Performance

Shares of BATS JMUB opened at $50.51 on Wednesday. The business’s 50 day moving average is $50.60 and its two-hundred day moving average is $49.91. JPMorgan Municipal ETF has a 1-year low of $47.95 and a 1-year high of $51.31. The stock has a market capitalization of $3.10 billion, a P/E ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Tuesday, October 21st were given a dividend of $0.1214 per share. The ex-dividend date of this dividend was Tuesday, October 21st. This represents a c) annualized dividend and a dividend yield of 2.9%.

JPMorgan Municipal ETF Profile

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.