JPMorgan Municipal ETF (BATS:JMUB) Shares Sold by IAG Wealth Partners LLC

IAG Wealth Partners LLC lowered its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 0.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 295,309 shares of the company’s stock after selling 1,006 shares during the quarter. JPMorgan Municipal ETF comprises 2.6% of IAG Wealth Partners LLC’s holdings, making the stock its 12th largest position. IAG Wealth Partners LLC’s holdings in JPMorgan Municipal ETF were worth $14,810,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of JMUB. CFO4Life Group LLC boosted its stake in JPMorgan Municipal ETF by 6.8% in the fourth quarter. CFO4Life Group LLC now owns 245,819 shares of the company’s stock valued at $12,328,000 after acquiring an additional 15,566 shares in the last quarter. Hollencrest Capital Management acquired a new position in JPMorgan Municipal ETF in the fourth quarter valued at $138,000. Sequoia Financial Advisors LLC boosted its stake in JPMorgan Municipal ETF by 262.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 92,168 shares of the company’s stock valued at $4,622,000 after acquiring an additional 66,738 shares in the last quarter. HighTower Advisors LLC boosted its stake in JPMorgan Municipal ETF by 147.4% in the fourth quarter. HighTower Advisors LLC now owns 999,722 shares of the company’s stock valued at $50,136,000 after acquiring an additional 595,710 shares in the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in JPMorgan Municipal ETF in the fourth quarter valued at $29,718,000.

JPMorgan Municipal ETF Price Performance

BATS JMUB opened at $50.17 on Thursday. JPMorgan Municipal ETF has a 1 year low of $49.76 and a 1 year high of $51.31. The company has a market capitalization of $2.43 billion, a PE ratio of 10.21 and a beta of 0.20. The company has a fifty day moving average of $50.30 and a two-hundred day moving average of $50.60.

JPMorgan Municipal ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were issued a $0.1429 dividend. This is a boost from JPMorgan Municipal ETF’s previous dividend of $0.13. The ex-dividend date of this dividend was Monday, March 3rd.

JPMorgan Municipal ETF Company 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.