Cwm LLC Acquires 48,816 Shares of JPMorgan Municipal ETF $JMUB

Cwm LLC grew its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 10.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 519,219 shares of the company’s stock after acquiring an additional 48,816 shares during the period. Cwm LLC’s holdings in JPMorgan Municipal ETF were worth $26,205,000 at the end of the most recent quarter.

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

JPMorgan Municipal ETF Price Performance

Shares of BATS JMUB opened at $50.58 on Friday. JPMorgan Municipal ETF has a 1 year low of $47.95 and a 1 year high of $51.31. The stock has a market capitalization of $3.10 billion, a P/E ratio of 9.96 and a beta of 0.21. The company’s 50-day moving average is $50.63 and its 200 day moving average is $50.06.

JPMorgan Municipal ETF Cuts Dividend

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