Resonant Capital Advisors LLC Sells 9,656 Shares of JPMorgan Municipal ETF $JMUB

Resonant Capital Advisors LLC decreased its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 10.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 78,922 shares of the company’s stock after selling 9,656 shares during the quarter. Resonant Capital Advisors LLC’s holdings in JPMorgan Municipal ETF were worth $3,918,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Kestra Advisory Services LLC boosted its stake in JPMorgan Municipal ETF by 9.4% during the first quarter. Kestra Advisory Services LLC now owns 78,973 shares of the company’s stock worth $3,949,000 after acquiring an additional 6,787 shares in the last quarter. Meeder Advisory Services Inc. acquired a new position in shares of JPMorgan Municipal ETF during the first quarter valued at about $126,587,000. Cyr Financial Inc. boosted its position in shares of JPMorgan Municipal ETF by 255.1% during the 2nd quarter. Cyr Financial Inc. now owns 17,183 shares of the company’s stock worth $853,000 after purchasing an additional 12,344 shares in the last quarter. Madison Wealth Partners Inc boosted its position in shares of JPMorgan Municipal ETF by 5.3% during the 2nd quarter. Madison Wealth Partners Inc now owns 6,749 shares of the company’s stock worth $335,000 after purchasing an additional 340 shares in the last quarter. Finally, Certified Advisory Corp acquired a new stake in shares of JPMorgan Municipal ETF in the 1st quarter valued at about $238,000.

JPMorgan Municipal ETF Stock Performance

JMUB stock opened at $50.69 on Friday. The stock’s 50 day simple moving average is $50.19 and its 200 day simple moving average is $49.64. JPMorgan Municipal ETF has a fifty-two week low of $47.95 and a fifty-two week 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.

JPMorgan Municipal ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Tuesday, October 21st were given a dividend of $0.1214 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, October 21st.

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.