First Heartland Consultants Inc. Has $501,000 Stake in JPMorgan Municipal ETF (BATS:JMUB)

First Heartland Consultants Inc. trimmed its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 91.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,763 shares of the company’s stock after selling 110,112 shares during the period. First Heartland Consultants Inc.’s holdings in JPMorgan Municipal ETF were worth $501,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Prime Capital Investment Advisors LLC increased its holdings in shares of JPMorgan Municipal ETF by 46.5% in the third quarter. Prime Capital Investment Advisors LLC now owns 42,179 shares of the company’s stock valued at $2,163,000 after purchasing an additional 13,384 shares during the last quarter. Verus Capital Partners LLC increased its holdings in shares of JPMorgan Municipal ETF by 255.1% in the third quarter. Verus Capital Partners LLC now owns 25,475 shares of the company’s stock valued at $1,306,000 after purchasing an additional 18,301 shares during the last quarter. Apollon Wealth Management LLC increased its holdings in shares of JPMorgan Municipal ETF by 8.2% in the third quarter. Apollon Wealth Management LLC now owns 144,293 shares of the company’s stock valued at $7,398,000 after purchasing an additional 10,928 shares during the last quarter. Bond & Devick Financial Network Inc. increased its holdings in shares of JPMorgan Municipal ETF by 11.5% in the third quarter. Bond & Devick Financial Network Inc. now owns 7,583 shares of the company’s stock valued at $389,000 after purchasing an additional 781 shares during the last quarter. Finally, Axxcess Wealth Management LLC acquired a new position in shares of JPMorgan Municipal ETF in the third quarter valued at $333,000.

JPMorgan Municipal ETF Price Performance

JMUB stock opened at $50.42 on Wednesday. The company has a 50 day simple moving average of $50.87 and a 200-day simple moving average of $50.66. The firm has a market capitalization of $1.40 billion, a P/E ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were paid a $0.1506 dividend. The ex-dividend date was Tuesday, September 3rd. This is an increase 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.