Cyndeo Wealth Partners LLC Makes New Investment in JPMorgan Municipal ETF $JMUB

Cyndeo Wealth Partners LLC acquired a new stake in JPMorgan Municipal ETF (BATS:JMUB) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 38,203 shares of the company’s stock, valued at approximately $1,929,000. Cyndeo Wealth Partners LLC owned about 0.06% of JPMorgan Municipal ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Goodman Advisory Group LLC bought a new position in shares of JPMorgan Municipal ETF in the third quarter worth approximately $37,000. Franklin Resources Inc. bought a new stake in JPMorgan Municipal ETF during the 3rd quarter valued at $41,000. Archer Investment Corp purchased a new stake in JPMorgan Municipal ETF during the 3rd quarter valued at $58,000. Fifth Third Bancorp purchased a new stake in JPMorgan Municipal ETF during the 3rd quarter valued at $61,000. Finally, Imprint Wealth LLC bought a new stake in JPMorgan Municipal ETF in the 3rd quarter worth $63,000.

JPMorgan Municipal ETF Trading Down 0.7%

JMUB stock opened at $50.06 on Monday. The firm’s 50-day moving average price is $50.82 and its two-hundred day moving average price is $50.64. JPMorgan Municipal ETF has a 12-month low of $47.95 and a 12-month high of $51.34. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Increases Dividend

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

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.