Envestnet Asset Management Inc. Cuts Stock Position in JPMorgan Municipal ETF $JMUB

Envestnet Asset Management Inc. trimmed its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 0.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,049,817 shares of the company’s stock after selling 9,983 shares during the period. Envestnet Asset Management Inc.’s holdings in JPMorgan Municipal ETF were worth $52,984,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new stake in JPMorgan Municipal ETF during the 3rd quarter valued at approximately $261,000. Jones Financial Companies Lllp grew its holdings in JPMorgan Municipal ETF by 91.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 346,456 shares of the company’s stock valued at $17,451,000 after buying an additional 165,353 shares in the last quarter. Lebenthal Global Advisors LLC bought a new stake in shares of JPMorgan Municipal ETF during the third quarter valued at approximately $23,839,000. Mutual Advisors LLC lifted its holdings in shares of JPMorgan Municipal ETF by 0.6% in the third quarter. Mutual Advisors LLC now owns 59,625 shares of the company’s stock worth $3,022,000 after buying an additional 332 shares in the last quarter. Finally, Thrivent Financial for Lutherans bought a new position in shares of JPMorgan Municipal ETF during the third quarter worth $7,318,000.

JPMorgan Municipal ETF Stock Performance

JMUB opened at $50.90 on Tuesday. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The company has a fifty day moving average of $50.66 and a 200 day moving average of $50.35. JPMorgan Municipal ETF has a fifty-two week low of $47.95 and a fifty-two week high of $50.92.

JPMorgan Municipal ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued a $0.1414 dividend. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, February 2nd.

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.