JPMorgan Municipal ETF $JMUB Shares Bought by Level Four Advisory Services LLC

Level Four Advisory Services LLC grew its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 53.1% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 22,321 shares of the company’s stock after buying an additional 7,742 shares during the period. Level Four Advisory Services LLC’s holdings in JPMorgan Municipal ETF were worth $1,108,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. U.S. Capital Wealth Advisors LLC increased its position in JPMorgan Municipal ETF by 2.4% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 8,707 shares of the company’s stock valued at $432,000 after acquiring an additional 208 shares during the period. J.W. Cole Advisors Inc. increased its holdings in shares of JPMorgan Municipal ETF by 1.0% in the second quarter. J.W. Cole Advisors Inc. now owns 25,132 shares of the company’s stock valued at $1,248,000 after purchasing an additional 258 shares during the period. Perennial Advisors LLC increased its holdings in shares of JPMorgan Municipal ETF by 2.5% in the second quarter. Perennial Advisors LLC now owns 12,175 shares of the company’s stock valued at $604,000 after purchasing an additional 300 shares during the period. Madison Wealth Partners Inc raised its stake in shares of JPMorgan Municipal ETF by 5.3% during the second quarter. Madison Wealth Partners Inc now owns 6,749 shares of the company’s stock worth $335,000 after purchasing an additional 340 shares during the last quarter. Finally, Optima Capital LLC lifted its holdings in shares of JPMorgan Municipal ETF by 4.4% during the second quarter. Optima Capital LLC now owns 8,410 shares of the company’s stock worth $417,000 after purchasing an additional 355 shares during the period.

JPMorgan Municipal ETF Price Performance

BATS:JMUB opened at $50.82 on Monday. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The firm’s fifty day moving average price is $50.60 and its 200 day moving average price is $49.90. JPMorgan Municipal ETF has a 1-year low of $47.95 and a 1-year high of $51.31.

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 issued a $0.1214 dividend. The ex-dividend date of this dividend was Tuesday, October 21st. This represents a c) annualized dividend and a dividend yield of 2.9%.

About JPMorgan Municipal ETF

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.