Magnus Financial Group LLC Has $10.92 Million Stake in JPMorgan Municipal ETF (BATS:JMUB)

Magnus Financial Group LLC increased its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 0.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 216,832 shares of the company’s stock after acquiring an additional 1,176 shares during the period. JPMorgan Municipal ETF accounts for about 1.2% of Magnus Financial Group LLC’s holdings, making the stock its 22nd largest position. Magnus Financial Group LLC owned about 0.78% of JPMorgan Municipal ETF worth $10,923,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in JMUB. Verus Capital Partners LLC bought a new stake in shares of JPMorgan Municipal ETF in the 2nd quarter worth approximately $361,000. Essex Financial Services Inc. lifted its position in shares of JPMorgan Municipal ETF by 13.4% during the 2nd quarter. Essex Financial Services Inc. now owns 6,680 shares of the company’s stock worth $337,000 after buying an additional 790 shares during the period. HTG Investment Advisors Inc. lifted its position in shares of JPMorgan Municipal ETF by 191.7% during the 2nd quarter. HTG Investment Advisors Inc. now owns 51,736 shares of the company’s stock worth $2,606,000 after buying an additional 34,002 shares during the period. Farther Finance Advisors LLC lifted its position in shares of JPMorgan Municipal ETF by 45.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 4,498 shares of the company’s stock worth $226,000 after buying an additional 1,398 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in shares of JPMorgan Municipal ETF by 21.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 273,115 shares of the company’s stock worth $13,758,000 after buying an additional 48,893 shares during the period.

JPMorgan Municipal ETF Trading Down 0.1 %

JMUB stock traded down $0.06 during midday trading on Tuesday, reaching $50.88. 156,880 shares of the company’s stock traded hands. The business has a fifty day moving average of $50.73 and a 200-day moving average of $50.55. The stock has a market cap of $1.41 billion, a P/E ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.1506 per share. This is a boost from JPMorgan Municipal ETF’s previous dividend of $0.15. The ex-dividend date is Tuesday, September 3rd.

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.