26,952 Shares in JPMorgan Municipal ETF $JMUB Bought by 5T Wealth LLC

5T Wealth LLC bought a new stake in JPMorgan Municipal ETF (BATS:JMUB) during the 3rd quarter, Holdings Channel.com reports. The firm bought 26,952 shares of the company’s stock, valued at approximately $1,360,000.

Several other large investors have also added to or reduced their stakes in JMUB. Northwestern Mutual Wealth Management Co. grew its stake in JPMorgan Municipal ETF by 8.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,382,007 shares of the company’s stock valued at $118,243,000 after acquiring an additional 182,487 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings 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. Raymond James Financial Inc. grew its stake in shares of JPMorgan Municipal ETF by 16.0% during the 2nd quarter. Raymond James Financial Inc. now owns 1,763,230 shares of the company’s stock worth $87,527,000 after acquiring an additional 243,751 shares during the period. Ameriprise Financial Inc. lifted 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 buying an additional 447,054 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of JPMorgan Municipal ETF by 18.8% during the 2nd quarter. Cetera Investment Advisers now owns 1,343,673 shares of the company’s stock valued at $66,700,000 after purchasing an additional 212,407 shares during the period.

JPMorgan Municipal ETF Trading Up 1.6%

Shares of BATS:JMUB opened at $50.58 on Monday. JPMorgan Municipal ETF has a 12 month low of $47.95 and a 12 month high of $51.31. The stock has a market cap of $3.10 billion, a P/E ratio of 9.96 and a beta of 0.21. The company has a 50 day moving average of $50.63 and a 200 day moving average of $50.07.

JPMorgan Municipal ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, October 23rd. Stockholders 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) 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.