Synergy Investment Management LLC Invests $923,000 in JPMorgan Municipal ETF $JMUB

Synergy Investment Management LLC purchased a new position in shares of JPMorgan Municipal ETF (BATS:JMUB) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 18,283 shares of the company’s stock, valued at approximately $923,000.

A number of other large investors also recently bought and sold shares of the business. Financial Gravity Companies Inc. purchased a new stake in JPMorgan Municipal ETF in the second quarter worth $28,000. Briaud Financial Planning Inc bought a new position in shares of JPMorgan Municipal ETF in the second quarter worth about $48,000. Archer Investment Corp bought a new position in shares of JPMorgan Municipal ETF in the third quarter worth about $58,000. Fifth Third Bancorp purchased a new position in JPMorgan Municipal ETF in the 3rd quarter worth about $61,000. Finally, Cape Investment Advisory Inc. lifted its holdings in JPMorgan Municipal ETF by 698.2% during the 2nd quarter. Cape Investment Advisory Inc. now owns 1,740 shares of the company’s stock valued at $86,000 after buying an additional 1,522 shares in the last quarter.

JPMorgan Municipal ETF Price Performance

JPMorgan Municipal ETF stock opened at $51.09 on Thursday. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The firm has a 50-day moving average of $50.73 and a two-hundred day moving average of $50.43. JPMorgan Municipal ETF has a 1 year low of $47.95 and a 1 year high of $51.12.

JPMorgan Municipal ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued a $0.1414 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%.

JPMorgan Municipal ETF Company 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.