JPMorgan Municipal ETF $JMUB Shares Sold by Hartford Financial Management Inc.

Hartford Financial Management Inc. trimmed its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 26.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 201,910 shares of the company’s stock after selling 72,612 shares during the quarter. JPMorgan Municipal ETF accounts for about 2.7% of Hartford Financial Management Inc.’s investment portfolio, making the stock its 7th biggest position. Hartford Financial Management Inc. owned approximately 0.33% of JPMorgan Municipal ETF worth $10,190,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of JMUB. U.S. Capital Wealth Advisors LLC grew its stake in JPMorgan Municipal ETF by 2.4% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 8,707 shares of the company’s stock valued at $432,000 after purchasing an additional 208 shares in the last quarter. Daymark Wealth Partners LLC boosted its stake in shares of JPMorgan Municipal ETF by 0.6% during the 3rd quarter. Daymark Wealth Partners LLC now owns 38,347 shares of the company’s stock valued at $1,935,000 after buying an additional 228 shares during the last quarter. Fifth Third Securities Inc. boosted its stake in shares of JPMorgan Municipal ETF by 3.2% during the 3rd quarter. Fifth Third Securities Inc. now owns 7,561 shares of the company’s stock valued at $382,000 after buying an additional 231 shares during the last quarter. J.W. Cole Advisors Inc. grew its position in shares of JPMorgan Municipal ETF by 1.0% during the second quarter. J.W. Cole Advisors Inc. now owns 25,132 shares of the company’s stock worth $1,248,000 after buying an additional 258 shares in the last quarter. Finally, Perennial Advisors LLC increased its stake in shares of JPMorgan Municipal ETF by 2.5% in the second quarter. Perennial Advisors LLC now owns 12,175 shares of the company’s stock worth $604,000 after buying an additional 300 shares during the last quarter.

JPMorgan Municipal ETF Price Performance

JMUB opened at $50.82 on Thursday. The stock has a market capitalization of $3.12 billion, a PE ratio of 9.96 and a beta of 0.21. The firm’s fifty day moving average price is $50.63 and its 200 day moving average price is $50.17. JPMorgan Municipal ETF has a 12-month low of $47.95 and a 12-month high of $51.31.

JPMorgan Municipal ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Tuesday, October 21st were given a $0.1214 dividend. The ex-dividend date of this dividend was Tuesday, October 21st. This represents a c) annualized dividend 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.