Collective Family Office LLC Grows Stock Position in JPMorgan Municipal ETF $JMUB

Collective Family Office LLC raised its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 9.4% during the third quarter, HoldingsChannel reports. The firm owned 626,165 shares of the company’s stock after purchasing an additional 53,685 shares during the period. JPMorgan Municipal ETF makes up approximately 7.6% of Collective Family Office LLC’s holdings, making the stock its biggest holding. Collective Family Office LLC’s holdings in JPMorgan Municipal ETF were worth $31,603,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in JMUB. ST Germain D J Co. Inc. bought a new position in shares of JPMorgan Municipal ETF during the 2nd quarter valued at about $25,000. Financial Gravity Companies Inc. bought a new stake in JPMorgan Municipal ETF in the 2nd quarter worth approximately $28,000. Briaud Financial Planning Inc purchased a new stake in JPMorgan Municipal ETF in the second quarter worth approximately $48,000. Abound Wealth Management bought a new position in JPMorgan Municipal ETF during the second quarter valued at approximately $78,000. Finally, Cape Investment Advisory Inc. grew its position in JPMorgan Municipal ETF by 698.2% during the second quarter. Cape Investment Advisory Inc. now owns 1,740 shares of the company’s stock valued at $86,000 after acquiring an additional 1,522 shares during the last quarter.

JPMorgan Municipal ETF Stock Performance

Shares of JMUB opened at $50.55 on Wednesday. JPMorgan Municipal ETF has a fifty-two week low of $47.95 and a fifty-two week high of $51.31. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The firm has a 50 day moving average price of $50.63 and a 200-day moving average price of $49.99.

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 paid a $0.1214 dividend. The ex-dividend date of this dividend was Tuesday, October 21st. This represents a c) annualized dividend and a yield of 2.9%.

JPMorgan Municipal ETF Company 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.