AllGen Financial Advisors Inc. Sells 25,622 Shares of JPMorgan Municipal ETF (BATS:JMUB)

AllGen Financial Advisors Inc. cut its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 8.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 277,563 shares of the company’s stock after selling 25,622 shares during the quarter. JPMorgan Municipal ETF makes up 4.7% of AllGen Financial Advisors Inc.’s portfolio, making the stock its 6th largest holding. AllGen Financial Advisors Inc. owned about 1.00% of JPMorgan Municipal ETF worth $13,920,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JMUB. Raymond James Financial Inc. acquired a new stake in JPMorgan Municipal ETF during the 4th quarter worth approximately $63,229,000. Bailard Inc. bought a new position in JPMorgan Municipal ETF during the fourth quarter worth about $36,907,000. TIAA Trust National Association bought a new stake in JPMorgan Municipal ETF in the 4th quarter valued at $34,248,000. HighTower Advisors LLC boosted its holdings in shares of JPMorgan Municipal ETF by 147.4% during the 4th quarter. HighTower Advisors LLC now owns 999,722 shares of the company’s stock worth $50,136,000 after buying an additional 595,710 shares during the period. Finally, Wealthfront Advisers LLC bought a new position in shares of JPMorgan Municipal ETF during the fourth quarter worth approximately $29,718,000.

JPMorgan Municipal ETF Trading Up 0.8 %

Shares of JMUB stock opened at $50.19 on Friday. The stock has a market cap of $2.53 billion, a P/E ratio of 10.15 and a beta of 0.20. JPMorgan Municipal ETF has a 1 year low of $49.68 and a 1 year high of $51.31. The stock has a 50 day simple moving average of $50.30 and a 200 day simple moving average of $50.49.

JPMorgan Municipal ETF Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were given a dividend of $0.1429 per share. This is a positive change from JPMorgan Municipal ETF’s previous dividend of $0.13. The ex-dividend date of this dividend 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.