49 Wealth Management LLC Trims Stake in JPMorgan Municipal ETF (BATS:JMUB)

49 Wealth Management LLC cut its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 32.8% in the third quarter, HoldingsChannel reports. The firm owned 83,094 shares of the company’s stock after selling 40,508 shares during the period. JPMorgan Municipal ETF comprises about 0.7% of 49 Wealth Management LLC’s investment portfolio, making the stock its 24th largest holding. 49 Wealth Management LLC’s holdings in JPMorgan Municipal ETF were worth $4,260,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Raymond James & Associates boosted its stake in shares of JPMorgan Municipal ETF by 40.1% during the third quarter. Raymond James & Associates now owns 404,255 shares of the company’s stock valued at $20,726,000 after purchasing an additional 115,690 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of JPMorgan Municipal ETF by 45.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 4,498 shares of the company’s stock worth $226,000 after acquiring an additional 1,398 shares in the last quarter. Brookstone Capital Management bought a new stake in JPMorgan Municipal ETF during the second quarter valued at about $261,000. Chesley Taft & Associates LLC grew its stake in JPMorgan Municipal ETF by 186.3% in the second quarter. Chesley Taft & Associates LLC now owns 19,680 shares of the company’s stock valued at $991,000 after purchasing an additional 12,805 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in JPMorgan Municipal ETF by 396.5% in the first quarter. Jane Street Group LLC now owns 108,061 shares of the company’s stock worth $5,483,000 after purchasing an additional 86,296 shares in the last quarter.

JPMorgan Municipal ETF Stock Down 0.1 %

BATS:JMUB opened at $50.55 on Friday. The company has a market cap of $1.40 billion, a PE ratio of 10.22 and a beta of 0.08. The firm has a fifty day moving average price of $50.79 and a 200-day moving average price of $50.67.

JPMorgan Municipal ETF Increases Dividend

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

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.