Pure Financial Advisors LLC Purchases New Position in JPMorgan Municipal ETF $JMUB

Pure Financial Advisors LLC bought a new stake in shares of JPMorgan Municipal ETF (BATS:JMUB) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 13,350 shares of the company’s stock, valued at approximately $674,000.

Other hedge funds have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its position in JPMorgan Municipal ETF by 8.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,382,007 shares of the company’s stock worth $118,243,000 after acquiring an additional 182,487 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of JPMorgan Municipal ETF by 42.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,899,154 shares of the company’s stock worth $94,037,000 after purchasing an additional 569,892 shares during the period. Raymond James Financial Inc. increased its position in shares of JPMorgan Municipal ETF by 16.0% during the 2nd quarter. Raymond James Financial Inc. now owns 1,763,230 shares of the company’s stock valued at $87,527,000 after purchasing an additional 243,751 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of JPMorgan Municipal ETF by 40.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,563,490 shares of the company’s stock valued at $77,572,000 after purchasing an additional 447,054 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in JPMorgan Municipal ETF by 18.8% during the 2nd quarter. Cetera Investment Advisers now owns 1,343,673 shares of the company’s stock valued at $66,700,000 after buying an additional 212,407 shares during the period.

JPMorgan Municipal ETF Stock Up 1.7%

Shares of JMUB opened at $50.65 on Wednesday. The business has a fifty day moving average of $50.63 and a 200 day moving average of $50.08. The company has a market cap of $3.11 billion, a PE ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 52-week low of $47.95 and a 52-week 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 of this dividend was Tuesday, October 21st.

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.