New Insight Wealth Advisors Takes Position in JPMorgan Municipal ETF $JMUB

New Insight Wealth Advisors purchased a new stake in shares of JPMorgan Municipal ETF (BATS:JMUB) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 23,168 shares of the company’s stock, valued at approximately $1,169,000.

Several other large investors have also recently bought and sold shares of the business. Smithbridge Asset Management Inc. DE acquired a new stake in JPMorgan Municipal ETF during the 3rd quarter worth about $1,441,000. Walkner Condon Financial Advisors LLC increased its holdings in shares of JPMorgan Municipal ETF by 8.6% in the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 27,689 shares of the company’s stock valued at $1,397,000 after purchasing an additional 2,181 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of JPMorgan Municipal ETF by 439.4% in the third quarter. Sequoia Financial Advisors LLC now owns 200,446 shares of the company’s stock worth $10,116,000 after purchasing an additional 163,287 shares in the last quarter. Baron Silver Stevens Financial Advisors LLC boosted its holdings in shares of JPMorgan Municipal ETF by 33.7% during the third quarter. Baron Silver Stevens Financial Advisors LLC now owns 195,290 shares of the company’s stock worth $9,856,000 after purchasing an additional 49,188 shares during the period. Finally, WealthPlan Investment Management LLC purchased a new position in JPMorgan Municipal ETF during the third quarter valued at approximately $1,120,000.

JPMorgan Municipal ETF Stock Up 2.0%

JMUB stock opened at $50.80 on Friday. The company has a 50 day moving average of $50.63 and a two-hundred day moving average of $50.19. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. 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 company also recently announced a monthly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Tuesday, October 21st were paid a $0.1214 dividend. The ex-dividend date was Tuesday, October 21st. This represents a c) dividend on an annualized basis and a yield of 2.9%.

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.