Keyvantage Wealth LLC Increases Position in JPMorgan Municipal ETF $JMUB

Keyvantage Wealth LLC raised its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 3.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 124,825 shares of the company’s stock after acquiring an additional 4,369 shares during the period. JPMorgan Municipal ETF makes up approximately 2.8% of Keyvantage Wealth LLC’s investment portfolio, making the stock its 13th largest position. Keyvantage Wealth LLC’s holdings in JPMorgan Municipal ETF were worth $6,196,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in JMUB. ST Germain D J Co. Inc. purchased a new stake in shares of JPMorgan Municipal ETF in the second quarter valued at approximately $25,000. Briaud Financial Planning Inc acquired a new position in JPMorgan Municipal ETF during the second quarter worth $48,000. Abound Wealth Management purchased a new stake in JPMorgan Municipal ETF in the 2nd quarter valued at $78,000. Ameriflex Group Inc. increased its stake 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 worth $114,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Cranbrook Wealth Management LLC acquired a new stake in shares of JPMorgan Municipal ETF in the 2nd quarter worth $147,000.

JPMorgan Municipal ETF Trading Up 1.6%

Shares of JMUB stock opened at $50.59 on Friday. JPMorgan Municipal ETF has a twelve month low of $47.95 and a twelve month high of $51.31. The company’s 50-day moving average price is $50.54 and its 200-day moving average price is $49.81. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Tuesday, October 21st were paid a $0.1214 dividend. 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.