Cobblestone Capital Advisors LLC NY Invests $612,000 in JPMorgan Municipal ETF $JMUB

Cobblestone Capital Advisors LLC NY purchased a new stake in shares of JPMorgan Municipal ETF (BATS:JMUB) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,130 shares of the company’s stock, valued at approximately $612,000.

Other institutional investors have also added to or reduced their stakes in the company. Financial Gravity Companies Inc. purchased a new stake in shares of JPMorgan Municipal ETF during the 2nd quarter worth approximately $28,000. Archer Investment Corp bought a new stake in JPMorgan Municipal ETF in the third quarter worth $58,000. Fifth Third Bancorp purchased a new stake in JPMorgan Municipal ETF during the third quarter valued at $61,000. Cape Investment Advisory Inc. raised its stake 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 purchasing an additional 1,522 shares in the last quarter. Finally, AE Wealth Management LLC lifted its position in JPMorgan Municipal ETF by 49.9% during the third quarter. AE Wealth Management LLC now owns 1,889 shares of the company’s stock valued at $95,000 after purchasing an additional 629 shares during the last quarter.

JPMorgan Municipal ETF Stock Up 0.0%

Shares of BATS:JMUB opened at $51.30 on Monday. The firm has a fifty day simple moving average of $50.82 and a two-hundred day simple moving average of $50.53. JPMorgan Municipal ETF has a 52 week low of $47.95 and a 52 week high of $51.34. The stock has a market capitalization of $3.15 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 Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.1414 per share. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Monday, February 2nd.

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.