CGN Advisors LLC Buys 12,070 Shares of JPMorgan Municipal ETF $JMUB

CGN Advisors LLC lifted its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 352,699 shares of the company’s stock after purchasing an additional 12,070 shares during the period. JPMorgan Municipal ETF makes up about 1.4% of CGN Advisors LLC’s investment portfolio, making the stock its 14th biggest position. CGN Advisors LLC owned approximately 0.57% of JPMorgan Municipal ETF worth $17,811,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of JMUB. Goodman Advisory Group LLC acquired a new stake in shares of JPMorgan Municipal ETF in the third quarter valued at approximately $37,000. Franklin Resources Inc. acquired a new position in JPMorgan Municipal ETF during the 3rd quarter worth $41,000. Archer Investment Corp bought a new position in JPMorgan Municipal ETF in the 3rd quarter valued at $58,000. Fifth Third Bancorp bought a new position in JPMorgan Municipal ETF in the 3rd quarter valued at $61,000. Finally, Imprint Wealth LLC acquired a new stake in shares of JPMorgan Municipal ETF in the 3rd quarter valued at $63,000.

JPMorgan Municipal ETF Stock Down 0.1%

JMUB stock opened at $50.43 on Friday. The company has a market cap of $3.09 billion, a P/E ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a twelve month low of $47.95 and a twelve month high of $51.34. The business has a fifty day moving average of $50.84 and a 200-day moving average of $50.62.

JPMorgan Municipal ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a $0.1538 dividend. The ex-dividend date was Monday, March 2nd. This is a positive change from JPMorgan Municipal ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a yield of 3.7%.

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.