First Horizon Advisors Inc. Buys 715 Shares of JPMorgan Municipal ETF (BATS:JMUB)

First Horizon Advisors Inc. increased its position in JPMorgan Municipal ETF (BATS:JMUB) by 1.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,031 shares of the company’s stock after acquiring an additional 715 shares during the quarter. First Horizon Advisors Inc. owned about 0.24% of JPMorgan Municipal ETF worth $3,326,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in JMUB. Summit Financial Strategies Inc. purchased a new position in shares of JPMorgan Municipal ETF in the fourth quarter worth $322,000. Summit X LLC boosted its holdings in shares of JPMorgan Municipal ETF by 14.0% during the 4th quarter. Summit X LLC now owns 26,718 shares of the company’s stock valued at $1,362,000 after purchasing an additional 3,280 shares during the last quarter. CENTRAL TRUST Co grew its position in shares of JPMorgan Municipal ETF by 2.8% during the first quarter. CENTRAL TRUST Co now owns 432,320 shares of the company’s stock valued at $21,936,000 after purchasing an additional 11,823 shares in the last quarter. Clearwater Capital Advisors LLC bought a new stake in shares of JPMorgan Municipal ETF in the fourth quarter worth about $1,698,000. Finally, IAG Wealth Partners LLC bought a new position in JPMorgan Municipal ETF during the fourth quarter valued at approximately $14,524,000.

JPMorgan Municipal ETF Stock Performance

Shares of JMUB traded up $0.04 during mid-day trading on Tuesday, reaching $50.89. 274,051 shares of the company’s stock traded hands. The firm’s 50 day moving average is $50.65 and its 200-day moving average is $50.53. The stock 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 firm also recently declared a dividend, which was paid on Wednesday, July 3rd. Investors of record on Monday, July 1st were paid a $0.1482 dividend. The ex-dividend date of this dividend was Monday, July 1st.

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.