5T Wealth LLC Purchases Shares of 26,952 JPMorgan Municipal ETF $JMUB

5T Wealth LLC purchased a new position in JPMorgan Municipal ETF (BATS:JMUB) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 26,952 shares of the company’s stock, valued at approximately $1,360,000.

A number of other hedge funds have also modified their holdings of JMUB. Perigon Wealth Management LLC lifted its stake in JPMorgan Municipal ETF by 48.1% during the third quarter. Perigon Wealth Management LLC now owns 153,407 shares of the company’s stock valued at $7,742,000 after buying an additional 49,797 shares in the last quarter. Apollon Financial LLC grew its position in JPMorgan Municipal ETF by 93.8% in the third quarter. Apollon Financial LLC now owns 19,552 shares of the company’s stock worth $987,000 after acquiring an additional 9,465 shares in the last quarter. Conrad Siegel Investment Advisors Inc. raised its holdings in JPMorgan Municipal ETF by 70.0% during the third quarter. Conrad Siegel Investment Advisors Inc. now owns 8,088 shares of the company’s stock valued at $408,000 after buying an additional 3,331 shares in the last quarter. Asio Capital LLC boosted its position in JPMorgan Municipal ETF by 26.3% during the third quarter. Asio Capital LLC now owns 625,001 shares of the company’s stock worth $31,544,000 after purchasing an additional 130,080 shares during the period. Finally, Syntegra Private Wealth Group LLC increased its stake in shares of JPMorgan Municipal ETF by 3.4% in the third quarter. Syntegra Private Wealth Group LLC now owns 204,197 shares of the company’s stock worth $10,306,000 after purchasing an additional 6,632 shares during the period.

JPMorgan Municipal ETF Stock Performance

BATS:JMUB opened at $50.58 on Monday. The company has a market cap of $3.10 billion, a price-to-earnings 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. The firm’s 50-day moving average is $50.63 and its 200-day moving average is $50.07.

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 issued a $0.1214 dividend. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, October 21st.

About JPMorgan Municipal ETF

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.