Commonwealth Equity Services LLC Sells 48,182 Shares of JPMorgan Municipal ETF $JMUB

Commonwealth Equity Services LLC trimmed its stake in shares of JPMorgan Municipal ETF (BATS:JMUBFree Report) by 11.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 386,060 shares of the company’s stock after selling 48,182 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.63% of JPMorgan Municipal ETF worth $19,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. ST Germain D J Co. Inc. bought a new position in JPMorgan Municipal ETF during the 2nd quarter worth approximately $25,000. Financial Gravity Companies Inc. acquired a new stake in shares of JPMorgan Municipal ETF during the second quarter worth $28,000. Briaud Financial Planning Inc bought a new position in JPMorgan Municipal ETF during the second quarter worth $48,000. Abound Wealth Management acquired a new position in JPMorgan Municipal ETF in the second quarter valued at $78,000. Finally, Cape Investment Advisory Inc. boosted its position in JPMorgan Municipal ETF by 698.2% during the second quarter. Cape Investment Advisory Inc. now owns 1,740 shares of the company’s stock valued at $86,000 after acquiring an additional 1,522 shares during the last quarter.

JPMorgan Municipal ETF Trading Up 1.9%

Shares of JPMorgan Municipal ETF stock opened at $50.76 on Friday. The business has a 50-day moving average price of $50.62 and a two-hundred day moving average price of $50.14. JPMorgan Municipal ETF has a 1-year low of $47.95 and a 1-year high of $51.31. The company has a market cap of $3.11 billion, a P/E ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, October 23rd. Stockholders 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 dividend yield of 2.9%.

JPMorgan Municipal ETF Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for JPMorgan Municipal ETF (BATS:JMUB)

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