JPMorgan Municipal ETF (BATS:JMUB) Shares Acquired by Financial Connections Group Inc.

Financial Connections Group Inc. increased its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 27.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,961 shares of the company’s stock after purchasing an additional 9,162 shares during the period. JPMorgan Municipal ETF accounts for approximately 1.0% of Financial Connections Group Inc.’s investment portfolio, making the stock its 20th biggest position. Financial Connections Group Inc. owned approximately 0.15% of JPMorgan Municipal ETF worth $2,104,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in JMUB. Sunbelt Securities Inc. increased its stake in JPMorgan Municipal ETF by 208.0% during the third quarter. Sunbelt Securities Inc. now owns 1,118 shares of the company’s stock worth $57,000 after acquiring an additional 755 shares during the last quarter. Blue Investment Partners LLC purchased a new position in shares of JPMorgan Municipal ETF in the third quarter valued at approximately $203,000. Aptus Capital Advisors LLC grew its holdings in shares of JPMorgan Municipal ETF by 291.3% in the third quarter. Aptus Capital Advisors LLC now owns 4,026 shares of the company’s stock valued at $206,000 after purchasing an additional 2,997 shares in the last quarter. Atria Investments Inc purchased a new stake in JPMorgan Municipal ETF during the 3rd quarter worth approximately $208,000. Finally, Vawter Financial Ltd. purchased a new position in JPMorgan Municipal ETF in the 3rd quarter valued at approximately $214,000.

JPMorgan Municipal ETF Stock Up 1.2 %

JPMorgan Municipal ETF stock opened at $50.38 on Wednesday. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 10.22 and a beta of 0.08. The stock’s fifty day moving average is $50.33 and its two-hundred day moving average is $50.66.

JPMorgan Municipal ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were issued a $0.1299 dividend. The ex-dividend date was Monday, February 3rd.

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.