Balance Wealth LLC Buys 22,231 Shares of JPMorgan Municipal ETF $JMUB

Balance Wealth LLC lifted its stake in JPMorgan Municipal ETF (BATS:JMUB) by 267.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,546 shares of the company’s stock after buying an additional 22,231 shares during the period. JPMorgan Municipal ETF comprises approximately 0.9% of Balance Wealth LLC’s holdings, making the stock its 29th largest holding. Balance Wealth LLC’s holdings in JPMorgan Municipal ETF were worth $1,516,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of JMUB. ST Germain D J Co. Inc. acquired a new stake in JPMorgan Municipal ETF in the 2nd quarter valued at $25,000. Financial Gravity Companies Inc. bought a new stake in shares of JPMorgan Municipal ETF in the 2nd quarter worth about $28,000. Briaud Financial Planning Inc bought a new stake in shares of JPMorgan Municipal ETF in the 2nd quarter worth about $48,000. Abound Wealth Management acquired a new stake in shares of JPMorgan Municipal ETF during the 2nd quarter worth about $78,000. Finally, Ameriflex Group Inc. lifted its holdings in JPMorgan Municipal ETF by 360.0% during the 2nd quarter. Ameriflex Group Inc. now owns 2,300 shares of the company’s stock valued at $114,000 after purchasing an additional 1,800 shares during the last quarter.

JPMorgan Municipal ETF Stock Up 1.5%

BATS:JMUB opened at $50.54 on Friday. 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 12 month low of $47.95 and a 12 month high of $51.31. The company’s 50-day moving average price is $50.61 and its two-hundred day moving average price is $49.93.

JPMorgan Municipal ETF Cuts Dividend

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

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.