Jones Financial Companies Lllp Grows Stake in JPMorgan Municipal ETF $JMUB

Jones Financial Companies Lllp boosted its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 91.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 346,456 shares of the company’s stock after acquiring an additional 165,353 shares during the quarter. Jones Financial Companies Lllp’s holdings in JPMorgan Municipal ETF were worth $17,451,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of JMUB. Financial Gravity Companies Inc. purchased a new position in shares of JPMorgan Municipal ETF in the 2nd quarter worth approximately $28,000. Briaud Financial Planning Inc bought a new stake in JPMorgan Municipal ETF in the second quarter worth $48,000. Archer Investment Corp bought a new stake in JPMorgan Municipal ETF in the third quarter worth $58,000. Cape Investment Advisory Inc. boosted its stake in JPMorgan Municipal ETF by 698.2% during the second quarter. Cape Investment Advisory Inc. now owns 1,740 shares of the company’s stock worth $86,000 after buying an additional 1,522 shares during the period. Finally, AE Wealth Management LLC increased its position in JPMorgan Municipal ETF by 49.9% during the third quarter. AE Wealth Management LLC now owns 1,889 shares of the company’s stock valued at $95,000 after acquiring an additional 629 shares during the last quarter.

JPMorgan Municipal ETF Trading Up 1.9%

Shares of JMUB opened at $50.77 on Wednesday. JPMorgan Municipal ETF has a twelve month low of $47.95 and a twelve month high of $51.31. The company has a market cap of $3.11 billion, a P/E ratio of 9.96 and a beta of 0.21. The company’s fifty day simple moving average is $50.65 and its 200-day simple moving average is $50.31.

JPMorgan Municipal ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, February 4th. Investors of record on Monday, February 2nd will be given a $0.1414 dividend. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Monday, February 2nd.

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.