Goodman Advisory Group LLC Sells 88,548 Shares of JPMorgan Municipal ETF (BATS:JMUB)

Goodman Advisory Group LLC reduced its stake in JPMorgan Municipal ETF (BATS:JMUB) by 93.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,778 shares of the company’s stock after selling 88,548 shares during the period. Goodman Advisory Group LLC’s holdings in JPMorgan Municipal ETF were worth $294,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in JPMorgan Municipal ETF in the first quarter worth about $43,000. Hazlett Burt & Watson Inc. purchased a new stake in JPMorgan Municipal ETF in the fourth quarter worth about $51,000. Carmichael Hill & Associates Inc. purchased a new stake in JPMorgan Municipal ETF in the fourth quarter worth about $70,000. McIlrath & Eck LLC purchased a new stake in shares of JPMorgan Municipal ETF during the third quarter valued at approximately $102,000. Finally, Advisory Services Network LLC grew its holdings in shares of JPMorgan Municipal ETF by 25.2% during the first quarter. Advisory Services Network LLC now owns 2,759 shares of the company’s stock valued at $140,000 after buying an additional 556 shares during the last quarter.

JPMorgan Municipal ETF Stock Performance

Shares of BATS:JMUB traded down $0.08 during trading on Wednesday, reaching $50.12. 261,273 shares of the stock traded hands. The firm’s 50-day moving average price is $50.63 and its 200-day moving average price is $50.02. The company has a market capitalization of $1.28 billion, a PE ratio of 10.21 and a beta of 0.06.

JPMorgan Municipal ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, April 4th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.1449 per share. This is a boost from JPMorgan Municipal ETF’s previous dividend of $0.14. The ex-dividend date was Monday, April 1st.

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.