JPMorgan Municipal ETF $JMUB Shares Sold by Bridge Generations Wealth Management LLC

Bridge Generations Wealth Management LLC reduced its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 55.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 27,294 shares of the company’s stock after selling 33,612 shares during the period. JPMorgan Municipal ETF comprises 0.9% of Bridge Generations Wealth Management LLC’s portfolio, making the stock its 22nd biggest holding. Bridge Generations Wealth Management LLC’s holdings in JPMorgan Municipal ETF were worth $1,378,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Daymark Wealth Partners LLC increased its position in shares of JPMorgan Municipal ETF by 0.6% during the third quarter. Daymark Wealth Partners LLC now owns 38,347 shares of the company’s stock worth $1,935,000 after purchasing an additional 228 shares in the last quarter. Fifth Third Securities Inc. lifted its holdings in JPMorgan Municipal ETF by 3.2% in the 3rd quarter. Fifth Third Securities Inc. now owns 7,561 shares of the company’s stock valued at $382,000 after purchasing an additional 231 shares in the last quarter. J.W. Cole Advisors Inc. boosted its stake in JPMorgan Municipal ETF by 1.0% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 25,132 shares of the company’s stock worth $1,248,000 after purchasing an additional 258 shares during the last quarter. Axis Wealth Partners LLC boosted its stake in JPMorgan Municipal ETF by 4.4% during the 3rd quarter. Axis Wealth Partners LLC now owns 7,172 shares of the company’s stock worth $362,000 after purchasing an additional 300 shares during the last quarter. Finally, Sagespring Wealth Partners LLC grew its holdings in shares of JPMorgan Municipal ETF by 1.3% during the third quarter. Sagespring Wealth Partners LLC now owns 25,781 shares of the company’s stock worth $1,301,000 after buying an additional 319 shares in the last quarter.

JPMorgan Municipal ETF Stock Up 0.2%

Shares of BATS JMUB opened at $51.01 on Friday. The firm has a 50-day simple moving average of $50.68 and a 200-day simple moving average of $50.37. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 52 week low of $47.95 and a 52 week high of $51.02.

JPMorgan Municipal ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a $0.1414 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 3.3%.

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.