LWM Advisory Services LLC Has $5.75 Million Stock Position in JPMorgan Municipal ETF (BATS:JMUB)

LWM Advisory Services LLC decreased its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 21.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 112,901 shares of the company’s stock after selling 30,581 shares during the period. JPMorgan Municipal ETF comprises 5.1% of LWM Advisory Services LLC’s investment portfolio, making the stock its 5th largest position. LWM Advisory Services LLC’s holdings in JPMorgan Municipal ETF were worth $5,753,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Choreo LLC purchased a new stake in shares of JPMorgan Municipal ETF during the fourth quarter valued at approximately $201,000. Magnus Financial Group LLC purchased a new stake in shares of JPMorgan Municipal ETF during the fourth quarter valued at approximately $10,114,000. Brio Consultants LLC purchased a new stake in shares of JPMorgan Municipal ETF during the fourth quarter valued at approximately $3,906,000. Cedar Point Capital Partners LLC purchased a new stake in shares of JPMorgan Municipal ETF during the fourth quarter valued at approximately $3,017,000. Finally, Golden State Equity Partners boosted its holdings in JPMorgan Municipal ETF by 11.3% in the fourth quarter. Golden State Equity Partners now owns 14,734 shares of the company’s stock worth $751,000 after purchasing an additional 1,492 shares during the last quarter.

JPMorgan Municipal ETF Trading Up 0.1 %

JMUB stock traded up $0.06 on Monday, hitting $50.20. The company had a trading volume of 103,228 shares. The company has a 50-day moving average of $50.55 and a 200-day moving average of $50.14. The company has a market capitalization of $1.33 billion, a PE ratio of 10.19 and a beta of 0.07.

JPMorgan Municipal ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, April 4th. Investors of record on Tuesday, April 2nd were issued a $0.1449 dividend. The ex-dividend date was Monday, April 1st. This is a boost from JPMorgan Municipal ETF’s previous dividend of $0.14.

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.