Legacy Financial Advisors Inc. Sells 79,663 Shares of JPMorgan Municipal ETF $JMUB

Legacy Financial Advisors Inc. lowered its stake in JPMorgan Municipal ETF (BATS:JMUB) by 26.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 226,184 shares of the company’s stock after selling 79,663 shares during the quarter. JPMorgan Municipal ETF comprises 1.6% of Legacy Financial Advisors Inc.’s portfolio, making the stock its 14th biggest holding. Legacy Financial Advisors Inc. owned 0.37% of JPMorgan Municipal ETF worth $11,415,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Verus Capital Partners LLC boosted its holdings in JPMorgan Municipal ETF by 40.2% in the 3rd quarter. Verus Capital Partners LLC now owns 171,824 shares of the company’s stock worth $8,672,000 after buying an additional 49,275 shares during the period. OneDigital Investment Advisors LLC lifted its position in shares of JPMorgan Municipal ETF by 259.4% in the third quarter. OneDigital Investment Advisors LLC now owns 124,895 shares of the company’s stock valued at $6,303,000 after acquiring an additional 90,145 shares in the last quarter. Advyzon Investment Management LLC boosted its stake in shares of JPMorgan Municipal ETF by 2.4% in the third quarter. Advyzon Investment Management LLC now owns 14,469 shares of the company’s stock worth $730,000 after acquiring an additional 340 shares during the period. Bridgewater Advisors Inc. grew its position in shares of JPMorgan Municipal ETF by 203.7% during the third quarter. Bridgewater Advisors Inc. now owns 342,969 shares of the company’s stock worth $17,378,000 after purchasing an additional 230,028 shares in the last quarter. Finally, D Orazio & Associates Inc. grew its position in shares of JPMorgan Municipal ETF by 71.7% during the third quarter. D Orazio & Associates Inc. now owns 15,131 shares of the company’s stock worth $764,000 after purchasing an additional 6,320 shares in the last quarter.

JPMorgan Municipal ETF Trading Up 0.0%

Shares of JMUB opened at $51.13 on Monday. The business’s 50 day moving average is $50.75 and its 200 day moving average is $50.46. JPMorgan Municipal ETF has a 12-month low of $47.95 and a 12-month high of $51.14. The company has a market capitalization of $3.14 billion, a PE 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 Wednesday, February 4th. Investors of record on Monday, February 2nd were given a dividend of $0.1414 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%.

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.