Savvy Advisors Inc. Makes New Investment in JPMorgan Municipal ETF $JMUB

Savvy Advisors Inc. bought a new position in JPMorgan Municipal ETF (BATS:JMUB) in the second quarter, Holdings Channel.com reports. The institutional investor bought 6,816 shares of the company’s stock, valued at approximately $338,000.

A number of other large investors have also added to or reduced their stakes in JMUB. Meeder Advisory Services Inc. bought a new position in JPMorgan Municipal ETF in the first quarter worth about $126,587,000. Cetera Investment Advisers raised its holdings in JPMorgan Municipal ETF by 199.1% in the first quarter. Cetera Investment Advisers now owns 1,131,266 shares of the company’s stock worth $56,563,000 after purchasing an additional 753,069 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in JPMorgan Municipal ETF by 114.2% in the first quarter. Ameriprise Financial Inc. now owns 1,116,436 shares of the company’s stock worth $55,825,000 after purchasing an additional 595,174 shares in the last quarter. G2 Capital Management LLC OH raised its holdings in JPMorgan Municipal ETF by 489.2% in the second quarter. G2 Capital Management LLC OH now owns 695,217 shares of the company’s stock worth $34,511,000 after purchasing an additional 577,227 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in JPMorgan Municipal ETF by 42.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,899,154 shares of the company’s stock worth $94,037,000 after purchasing an additional 569,892 shares in the last quarter.

JPMorgan Municipal ETF Stock Up 1.7%

JMUB opened at $50.66 on Friday. JPMorgan Municipal ETF has a 52-week low of $47.95 and a 52-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. The firm’s 50-day moving average price is $50.31 and its 200-day moving average price is $49.71.

JPMorgan Municipal ETF Cuts Dividend

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

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.