WealthPlan Investment Management LLC Makes New Investment in JPMorgan Municipal ETF $JMUB

WealthPlan Investment Management LLC bought a new stake in shares of JPMorgan Municipal ETF (BATS:JMUB) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 22,193 shares of the company’s stock, valued at approximately $1,120,000.

A number of other hedge funds have also modified their holdings of JMUB. Spire Wealth Management lifted its holdings in shares of JPMorgan Municipal ETF by 28,330.0% during the 2nd quarter. Spire Wealth Management now owns 5,686 shares of the company’s stock valued at $282,000 after buying an additional 5,666 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in JPMorgan Municipal ETF by 86.3% in the third quarter. Farther Finance Advisors LLC now owns 28,104 shares of the company’s stock worth $1,418,000 after buying an additional 13,021 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in JPMorgan Municipal ETF in the third quarter valued at approximately $616,000. Baker Tilly Wealth Management LLC lifted its stake in JPMorgan Municipal ETF by 14.2% in the third quarter. Baker Tilly Wealth Management LLC now owns 112,158 shares of the company’s stock valued at $5,661,000 after acquiring an additional 13,929 shares during the last quarter. Finally, ABLE Financial Group LLC grew its position in JPMorgan Municipal ETF by 38.6% in the third quarter. ABLE Financial Group LLC now owns 417,520 shares of the company’s stock worth $21,072,000 after acquiring an additional 116,327 shares in the last quarter.

JPMorgan Municipal ETF Stock Up 2.0%

Shares of JMUB opened at $50.82 on Thursday. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The company’s fifty day moving average is $50.63 and its 200-day moving average is $50.17. JPMorgan Municipal ETF has a 12 month low of $47.95 and a 12 month high of $51.31.

JPMorgan Municipal ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Tuesday, October 21st were given a $0.1214 dividend. The ex-dividend date of this dividend was Tuesday, October 21st. This represents a c) dividend on an annualized basis 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.