JPMorgan Municipal ETF (BATS:JMUB) Shares Sold by Galvin Gaustad & Stein LLC

Galvin Gaustad & Stein LLC cut its position in JPMorgan Municipal ETF (BATS:JMUB) by 3.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 66,115 shares of the company’s stock after selling 2,555 shares during the period. Galvin Gaustad & Stein LLC’s holdings in JPMorgan Municipal ETF were worth $3,390,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC grew its stake in shares of JPMorgan Municipal ETF by 11.2% in the second quarter. LPL Financial LLC now owns 2,112,549 shares of the company’s stock worth $106,420,000 after acquiring an additional 212,185 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in JPMorgan Municipal ETF by 9.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,130,986 shares of the company’s stock valued at $56,973,000 after purchasing an additional 94,579 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of JPMorgan Municipal ETF by 205.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 853,485 shares of the company’s stock worth $42,994,000 after buying an additional 574,470 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in JPMorgan Municipal ETF by 5.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 768,550 shares of the company’s stock worth $39,404,000 after acquiring an additional 38,001 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of JPMorgan Municipal ETF by 119.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 650,088 shares of the company’s stock valued at $32,748,000 after purchasing an additional 354,185 shares during the last quarter.

JPMorgan Municipal ETF Stock Performance

JPMorgan Municipal ETF stock opened at $50.52 on Friday. The company has a fifty day simple moving average of $50.87 and a two-hundred day simple moving average of $50.65. The firm has a market capitalization of $1.40 billion, a PE ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, September 5th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.1506 per share. The ex-dividend date was Tuesday, September 3rd. This is a positive change 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.