JPMorgan Municipal ETF $JMUB Shares Sold by Western Wealth Management LLC

Western Wealth Management LLC decreased its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 14.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,986 shares of the company’s stock after selling 1,783 shares during the quarter. Western Wealth Management LLC’s holdings in JPMorgan Municipal ETF were worth $545,000 at the end of the most recent quarter.

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

JPMorgan Municipal ETF Trading Up 1.7%

Shares of JMUB stock opened at $50.64 on Tuesday. The company has a market capitalization of $3.11 billion, a P/E ratio of 9.96 and a beta of 0.21. The business’s 50 day moving average is $50.55 and its two-hundred day moving average is $49.82. JPMorgan Municipal ETF has a twelve month low of $47.95 and a twelve month high of $51.31.

JPMorgan Municipal ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, October 23rd. Investors of record on Tuesday, October 21st were given a $0.1214 dividend. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Tuesday, October 21st.

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.