D.A. Davidson & CO. Takes $230,000 Position in JPMorgan Municipal ETF $JMUB

D.A. Davidson & CO. purchased a new stake in shares of JPMorgan Municipal ETF (BATS:JMUB) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,628 shares of the company’s stock, valued at approximately $230,000.

Several other large investors have also recently bought and sold shares of JMUB. Divergent Planning LLC acquired a new position in JPMorgan Municipal ETF during the second quarter worth $826,000. Avidian Wealth Enterprises LLC increased its holdings in JPMorgan Municipal ETF by 14.9% during the second quarter. Avidian Wealth Enterprises LLC now owns 409,288 shares of the company’s stock worth $20,317,000 after buying an additional 53,062 shares during the last quarter. Madison Wealth Partners Inc increased its holdings in JPMorgan Municipal ETF by 5.3% during the second quarter. Madison Wealth Partners Inc now owns 6,749 shares of the company’s stock worth $335,000 after buying an additional 340 shares during the last quarter. Forvis Mazars Wealth Advisors LLC increased its holdings in JPMorgan Municipal ETF by 13.4% during the second quarter. Forvis Mazars Wealth Advisors LLC now owns 1,060,998 shares of the company’s stock worth $52,668,000 after buying an additional 125,209 shares during the last quarter. Finally, Private Wealth Management Group LLC increased its holdings in JPMorgan Municipal ETF by 348.0% during the second quarter. Private Wealth Management Group LLC now owns 74,579 shares of the company’s stock worth $3,702,000 after buying an additional 57,933 shares during the last quarter.

JPMorgan Municipal ETF Trading Up 1.7%

Shares of JMUB opened at $50.66 on Friday. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The company’s fifty day simple moving average is $50.31 and its 200 day simple moving average is $49.70. JPMorgan Municipal ETF has a 1-year low of $47.95 and a 1-year high of $51.31.

JPMorgan Municipal ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Tuesday, October 21st were given a dividend of $0.1214 per share. The ex-dividend date of this dividend was Tuesday, October 21st. This represents a c) annualized dividend and a yield of 2.9%.

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.