Newman Dignan & Sheerar Inc. Boosts Stake in JPMorgan Municipal ETF $JMUB

Newman Dignan & Sheerar Inc. increased its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 16.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,905 shares of the company’s stock after acquiring an additional 16,329 shares during the period. JPMorgan Municipal ETF makes up approximately 1.3% of Newman Dignan & Sheerar Inc.’s portfolio, making the stock its 20th biggest holding. Newman Dignan & Sheerar Inc.’s holdings in JPMorgan Municipal ETF were worth $5,900,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of JMUB. Cresset Asset Management LLC purchased a new stake in shares of JPMorgan Municipal ETF during the 1st quarter worth $260,000. CW Advisors LLC lifted its stake in shares of JPMorgan Municipal ETF by 20.9% in the first quarter. CW Advisors LLC now owns 43,315 shares of the company’s stock valued at $2,166,000 after purchasing an additional 7,493 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of JPMorgan Municipal ETF by 114.2% in the first quarter. Ameriprise Financial Inc. now owns 1,116,436 shares of the company’s stock valued at $55,825,000 after purchasing an additional 595,174 shares during the period. Barnes Wealth Management Group Inc purchased a new stake in JPMorgan Municipal ETF during the first quarter worth about $557,000. Finally, Kestra Advisory Services LLC boosted its holdings in JPMorgan Municipal ETF by 9.4% during the first quarter. Kestra Advisory Services LLC now owns 78,973 shares of the company’s stock worth $3,949,000 after buying an additional 6,787 shares in the last quarter.

JPMorgan Municipal ETF Trading Up 1.5%

Shares of JPMorgan Municipal ETF stock opened at $50.56 on Friday. JPMorgan Municipal ETF has a 12-month low of $47.95 and a 12-month high of $51.31. The stock has a market cap of $3.10 billion, a PE ratio of 9.96 and a beta of 0.21. The company has a 50-day moving average of $50.63 and a two-hundred day moving average of $50.01.

JPMorgan Municipal ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, October 23rd. Investors of record on Tuesday, October 21st were issued a $0.1214 dividend. The ex-dividend date was Tuesday, October 21st. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%.

JPMorgan Municipal ETF 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.