Marmo Financial Group LLC Buys New Shares in JPMorgan Municipal ETF $JMUB

Marmo Financial Group LLC purchased a new stake in shares of JPMorgan Municipal ETF (BATS:JMUB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 58,435 shares of the company’s stock, valued at approximately $2,949,000. JPMorgan Municipal ETF accounts for approximately 1.4% of Marmo Financial Group LLC’s investment portfolio, making the stock its 18th largest position. Marmo Financial Group LLC owned 0.10% of JPMorgan Municipal ETF as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Avantax Advisory Services Inc. lifted its position in shares of JPMorgan Municipal ETF by 2,438.3% during the 2nd quarter. Avantax Advisory Services Inc. now owns 897,843 shares of the company’s stock valued at $44,569,000 after buying an additional 862,471 shares in the last quarter. Bank of America Corp DE raised its stake in JPMorgan Municipal ETF by 152.3% during the 2nd quarter. Bank of America Corp DE now owns 1,101,672 shares of the company’s stock worth $54,687,000 after acquiring an additional 665,100 shares during the period. G2 Capital Management LLC OH lifted its holdings in JPMorgan Municipal ETF by 489.2% during the second quarter. G2 Capital Management LLC OH now owns 695,217 shares of the company’s stock valued at $34,511,000 after purchasing an additional 577,227 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in JPMorgan Municipal ETF by 42.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,899,154 shares of the company’s stock valued at $94,037,000 after purchasing an additional 569,892 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of JPMorgan Municipal ETF by 40.0% in the second quarter. Ameriprise Financial Inc. now owns 1,563,490 shares of the company’s stock worth $77,572,000 after purchasing an additional 447,054 shares during the period.

JPMorgan Municipal ETF Price Performance

Shares of BATS JMUB opened at $50.76 on Friday. The stock has a market cap of $3.11 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. The firm has a fifty day moving average price of $50.62 and a 200-day moving average price of $50.14.

JPMorgan Municipal ETF Cuts Dividend

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

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.