Summit Financial Strategies Inc. Buys 40,056 Shares of JPMorgan Municipal ETF $JMUB

Summit Financial Strategies Inc. increased its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 50.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 119,851 shares of the company’s stock after purchasing an additional 40,056 shares during the quarter. JPMorgan Municipal ETF accounts for 0.5% of Summit Financial Strategies Inc.’s holdings, making the stock its 23rd biggest holding. Summit Financial Strategies Inc. owned approximately 0.20% of JPMorgan Municipal ETF worth $6,049,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of JMUB. ST Germain D J Co. Inc. bought a new position in JPMorgan Municipal ETF during the second quarter valued at $25,000. Financial Gravity Companies Inc. purchased a new position in shares of JPMorgan Municipal ETF during the 2nd quarter worth about $28,000. Briaud Financial Planning Inc bought a new position in JPMorgan Municipal ETF during the 2nd quarter valued at about $48,000. Abound Wealth Management purchased a new stake in JPMorgan Municipal ETF in the 2nd quarter worth about $78,000. Finally, Cape Investment Advisory Inc. lifted its stake in JPMorgan Municipal ETF by 698.2% in the second quarter. Cape Investment Advisory Inc. now owns 1,740 shares of the company’s stock worth $86,000 after purchasing an additional 1,522 shares during the last quarter.

JPMorgan Municipal ETF Price Performance

Shares of BATS:JMUB opened at $50.55 on Monday. The firm has a market capitalization of $3.10 billion, a PE ratio of 9.96 and a beta of 0.21. The business has a 50 day simple moving average of $50.62 and a two-hundred day simple moving average of $50.11. JPMorgan Municipal ETF has a 1 year low of $47.95 and a 1 year high of $51.31.

JPMorgan Municipal ETF Cuts Dividend

The firm also recently announced 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 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.