JPMorgan Municipal ETF (BATS:JMUB) Shares Purchased by Financial Connections Group Inc.

Financial Connections Group Inc. increased its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 1.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,051 shares of the company’s stock after acquiring an additional 235 shares during the period. JPMorgan Municipal ETF comprises 0.8% of Financial Connections Group Inc.’s investment portfolio, making the stock its 14th biggest position. Financial Connections Group Inc. owned approximately 0.05% of JPMorgan Municipal ETF worth $713,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of JMUB. Vista Investment Management raised its position in JPMorgan Municipal ETF by 3.4% in the 4th quarter. Vista Investment Management now owns 6,925 shares of the company’s stock valued at $353,000 after purchasing an additional 225 shares in the last quarter. Bond & Devick Financial Network Inc. grew its stake in JPMorgan Municipal ETF by 4.6% during the 4th quarter. Bond & Devick Financial Network Inc. now owns 6,197 shares of the company’s stock worth $316,000 after buying an additional 274 shares during the last quarter. Mariner LLC grew its stake in JPMorgan Municipal ETF by 3.9% during the 3rd quarter. Mariner LLC now owns 10,355 shares of the company’s stock worth $501,000 after buying an additional 385 shares during the last quarter. Vicus Capital grew its stake in JPMorgan Municipal ETF by 0.7% during the 4th quarter. Vicus Capital now owns 57,334 shares of the company’s stock worth $2,922,000 after buying an additional 422 shares during the last quarter. Finally, Resonant Capital Advisors LLC grew its stake in JPMorgan Municipal ETF by 0.6% during the 1st quarter. Resonant Capital Advisors LLC now owns 76,169 shares of the company’s stock worth $3,865,000 after buying an additional 449 shares during the last quarter.

JPMorgan Municipal ETF Price Performance

BATS:JMUB traded up $0.12 during mid-day trading on Thursday, reaching $50.64. 186,989 shares of the stock were exchanged. The company has a 50-day moving average of $50.35 and a 200 day moving average of $50.55. The firm has a market capitalization of $1.41 billion, a PE ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Monday, July 1st were paid a $0.1482 dividend. The ex-dividend date was Monday, July 1st.

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.