Prospera Financial Services Inc Sells 1,095 Shares of JPMorgan Municipal ETF $JMUB

Prospera Financial Services Inc decreased its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 5.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,529 shares of the company’s stock after selling 1,095 shares during the quarter. Prospera Financial Services Inc’s holdings in JPMorgan Municipal ETF were worth $969,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. U.S. Capital Wealth Advisors LLC boosted its stake in JPMorgan Municipal ETF by 2.4% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 8,707 shares of the company’s stock worth $432,000 after acquiring an additional 208 shares in the last quarter. Perennial Advisors LLC increased its stake in JPMorgan Municipal ETF by 2.5% in the second quarter. Perennial Advisors LLC now owns 12,175 shares of the company’s stock valued at $604,000 after purchasing an additional 300 shares in the last quarter. Madison Wealth Partners Inc raised its holdings in shares of JPMorgan Municipal ETF by 5.3% during the second quarter. Madison Wealth Partners Inc now owns 6,749 shares of the company’s stock valued at $335,000 after purchasing an additional 340 shares during the period. Optima Capital LLC boosted its position in shares of JPMorgan Municipal ETF by 4.4% during the 2nd quarter. Optima Capital LLC now owns 8,410 shares of the company’s stock worth $417,000 after purchasing an additional 355 shares in the last quarter. Finally, Friday Financial boosted its position in shares of JPMorgan Municipal ETF by 3.3% during the 2nd quarter. Friday Financial now owns 11,541 shares of the company’s stock worth $573,000 after purchasing an additional 367 shares in the last quarter.

JPMorgan Municipal ETF Price Performance

Shares of JPMorgan Municipal ETF stock opened at $50.74 on Thursday. JPMorgan Municipal ETF has a one year low of $47.95 and a one year high of $51.31. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The business has a 50-day simple moving average of $50.50 and a 200 day simple moving average of $49.79.

JPMorgan Municipal ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Tuesday, October 21st were issued a dividend of $0.1214 per share. The ex-dividend date 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.