Farther Finance Advisors LLC Reduces Holdings in JPMorgan Municipal ETF (BATS:JMUB)

Farther Finance Advisors LLC reduced its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 42.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,722 shares of the company’s stock after selling 2,748 shares during the quarter. Farther Finance Advisors LLC’s holdings in JPMorgan Municipal ETF were worth $187,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Gryphon Financial Partners LLC boosted its stake in shares of JPMorgan Municipal ETF by 4.2% during the fourth quarter. Gryphon Financial Partners LLC now owns 6,045 shares of the company’s stock valued at $303,000 after purchasing an additional 245 shares during the period. Fifth Third Securities Inc. boosted its stake in shares of JPMorgan Municipal ETF by 3.7% during the fourth quarter. Fifth Third Securities Inc. now owns 8,290 shares of the company’s stock valued at $416,000 after purchasing an additional 292 shares during the period. Walkner Condon Financial Advisors LLC boosted its stake in shares of JPMorgan Municipal ETF by 1.4% during the fourth quarter. Walkner Condon Financial Advisors LLC now owns 22,206 shares of the company’s stock valued at $1,114,000 after purchasing an additional 313 shares during the period. Meridian Financial LLC boosted its stake in shares of JPMorgan Municipal ETF by 6.8% during the fourth quarter. Meridian Financial LLC now owns 5,938 shares of the company’s stock valued at $298,000 after purchasing an additional 378 shares during the period. Finally, Stratos Wealth Partners LTD. boosted its stake in shares of JPMorgan Municipal ETF by 7.6% during the fourth quarter. Stratos Wealth Partners LTD. now owns 6,934 shares of the company’s stock valued at $348,000 after purchasing an additional 490 shares during the period.

JPMorgan Municipal ETF Trading Up 0.7 %

Shares of JMUB opened at $50.17 on Thursday. The firm has a market capitalization of $2.43 billion, a P/E ratio of 10.21 and a beta of 0.20. JPMorgan Municipal ETF has a 12-month low of $49.76 and a 12-month high of $51.31. The firm has a fifty day moving average price of $50.30 and a 200-day moving average price of $50.57.

JPMorgan Municipal ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were issued a $0.1429 dividend. This is an increase from JPMorgan Municipal ETF’s previous dividend of $0.13. The ex-dividend date was Monday, March 3rd.

JPMorgan Municipal ETF 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.