JPMorgan Municipal ETF $JMUB Shares Purchased by Golden State Wealth Management LLC

Golden State Wealth Management LLC lifted its stake in JPMorgan Municipal ETF (BATS:JMUB) by 12.5% in the 2nd quarter, Holdings Channel reports. The firm owned 30,875 shares of the company’s stock after purchasing an additional 3,423 shares during the quarter. Golden State Wealth Management LLC’s holdings in JPMorgan Municipal ETF were worth $1,533,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kestra Advisory Services LLC grew its holdings in shares of JPMorgan Municipal ETF by 9.4% during the first quarter. Kestra Advisory Services LLC now owns 78,973 shares of the company’s stock worth $3,949,000 after buying an additional 6,787 shares in the last quarter. Spire Wealth Management raised its position in shares of JPMorgan Municipal ETF by 28,330.0% in the second quarter. Spire Wealth Management now owns 5,686 shares of the company’s stock valued at $282,000 after buying an additional 5,666 shares during the last quarter. D.A. Davidson & CO. acquired a new position in shares of JPMorgan Municipal ETF in the second quarter valued at approximately $230,000. Buck Wealth Strategies LLC acquired a new position in shares of JPMorgan Municipal ETF in the second quarter valued at approximately $227,000. Finally, Madison Wealth Partners Inc raised its position in shares of JPMorgan Municipal ETF by 5.3% in the second quarter. Madison Wealth Partners Inc now owns 6,749 shares of the company’s stock valued at $335,000 after buying an additional 340 shares during the last quarter.

JPMorgan Municipal ETF Price Performance

BATS:JMUB opened at $50.58 on Thursday. The firm has a 50 day simple moving average of $50.38 and a 200-day simple moving average of $49.74. The firm has a market cap of $3.10 billion, a PE ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 1-year low of $47.95 and a 1-year high of $51.31.

JPMorgan Municipal ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, October 23rd. Investors of record on Tuesday, October 21st were issued a $0.1214 dividend. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was 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.