Lifestyle Asset Management Inc. Decreases Position in JPMorgan Municipal ETF (BATS:JMUB)

Lifestyle Asset Management Inc. decreased its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 15.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,427 shares of the company’s stock after selling 2,194 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in JPMorgan Municipal ETF were worth $637,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JMUB. Western Wealth Management LLC boosted its holdings in JPMorgan Municipal ETF by 2.0% in the 2nd quarter. Western Wealth Management LLC now owns 10,992 shares of the company’s stock worth $554,000 after buying an additional 217 shares during the last quarter. Family Investment Center Inc. grew its stake in shares of JPMorgan Municipal ETF by 1.2% in the third quarter. Family Investment Center Inc. now owns 21,716 shares of the company’s stock valued at $1,113,000 after buying an additional 254 shares in the last quarter. ERn Financial LLC lifted its position in shares of JPMorgan Municipal ETF by 1.0% during the second quarter. ERn Financial LLC now owns 33,037 shares of the company’s stock worth $1,664,000 after purchasing an additional 316 shares in the last quarter. WealthCare Investment Partners LLC grew its stake in shares of JPMorgan Municipal ETF by 0.6% in the third quarter. WealthCare Investment Partners LLC now owns 58,498 shares of the company’s stock worth $2,979,000 after acquiring an additional 333 shares in the last quarter. Finally, Mason & Associates Inc raised its position in JPMorgan Municipal ETF by 1.1% in the 3rd quarter. Mason & Associates Inc now owns 32,486 shares of the company’s stock valued at $1,666,000 after purchasing an additional 343 shares in the last quarter.

JPMorgan Municipal ETF Price Performance

Shares of JMUB opened at $50.23 on Friday. The firm has a fifty day moving average price of $50.88 and a two-hundred day moving average price of $50.65. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were given a $0.1506 dividend. The ex-dividend date was Tuesday, September 3rd. This is a boost from JPMorgan Municipal ETF’s previous dividend of $0.15.

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.