Silver Oak Wealth Advisors Services LLC Takes Position in JPMorgan Municipal ETF $JMUB

Silver Oak Wealth Advisors Services LLC acquired a new stake in JPMorgan Municipal ETF (BATS:JMUB) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 47,374 shares of the company’s stock, valued at approximately $2,352,000. JPMorgan Municipal ETF makes up about 1.7% of Silver Oak Wealth Advisors Services LLC’s holdings, making the stock its 14th biggest position. Silver Oak Wealth Advisors Services LLC owned 0.08% of JPMorgan Municipal ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. ST Germain D J Co. Inc. acquired a new stake in shares of JPMorgan Municipal ETF in the second quarter valued at $25,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of JPMorgan Municipal ETF in the first quarter valued at $28,000. Abound Wealth Management acquired a new stake in shares of JPMorgan Municipal ETF in the second quarter valued at $78,000. Ameriflex Group Inc. grew its stake in shares of JPMorgan Municipal ETF by 360.0% in the second quarter. Ameriflex Group Inc. now owns 2,300 shares of the company’s stock valued at $114,000 after buying an additional 1,800 shares in the last quarter. Finally, Allworth Financial LP grew its stake in shares of JPMorgan Municipal ETF by 91.2% in the first quarter. Allworth Financial LP now owns 2,919 shares of the company’s stock valued at $144,000 after buying an additional 1,392 shares in the last quarter.

JPMorgan Municipal ETF Trading Up 1.8%

Shares of BATS JMUB opened at $50.68 on Thursday. JPMorgan Municipal ETF has a twelve month low of $47.95 and a twelve month high of $51.31. The stock has a market capitalization of $3.11 billion, a PE ratio of 9.96 and a beta of 0.21. The stock has a fifty day simple moving average of $50.14 and a 200-day simple moving average of $49.62.

JPMorgan Municipal ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, October 23rd. Investors of record on Tuesday, October 21st will be paid a dividend of $0.1214 per share. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, October 21st.

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.