49 Wealth Management LLC Cuts Holdings in JPMorgan Municipal ETF $JMUB

49 Wealth Management LLC reduced its stake in JPMorgan Municipal ETF (BATS:JMUB) by 44.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 25,915 shares of the company’s stock after selling 20,497 shares during the quarter. 49 Wealth Management LLC’s holdings in JPMorgan Municipal ETF were worth $1,286,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. ST Germain D J Co. Inc. purchased a new position in JPMorgan Municipal ETF during the 2nd quarter valued at about $25,000. Briaud Financial Planning Inc bought a new stake in JPMorgan Municipal ETF in the 2nd quarter worth approximately $48,000. Abound Wealth Management bought a new stake in shares of JPMorgan Municipal ETF in the 2nd quarter worth approximately $78,000. Ameriflex Group Inc. lifted its stake in shares of JPMorgan Municipal ETF by 360.0% in the 2nd quarter. Ameriflex Group Inc. now owns 2,300 shares of the company’s stock valued at $114,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Allworth Financial LP lifted its position in JPMorgan Municipal ETF by 91.2% in the first quarter. Allworth Financial LP now owns 2,919 shares of the company’s stock valued at $144,000 after purchasing an additional 1,392 shares during the last quarter.

JPMorgan Municipal ETF Stock Up 1.7%

Shares of JPMorgan Municipal ETF stock opened at $50.67 on Monday. The company’s fifty day simple moving average is $50.42 and its two-hundred day simple moving average is $49.77. JPMorgan Municipal ETF has a 12-month low of $47.95 and a 12-month high of $51.31. The firm has a market cap of $3.11 billion, a PE ratio of 9.96 and a beta of 0.21.

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.