Commonwealth Equity Services LLC Lowers Position in JPMorgan Municipal ETF $JMUB

Commonwealth Equity Services LLC reduced its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 11.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 386,060 shares of the company’s stock after selling 48,182 shares during the period. Commonwealth Equity Services LLC’s holdings in JPMorgan Municipal ETF were worth $19,484,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its holdings in JPMorgan Municipal ETF by 8.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,382,007 shares of the company’s stock worth $118,243,000 after buying an additional 182,487 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in 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 buying an additional 569,892 shares in the last quarter. Raymond James Financial Inc. lifted its stake in JPMorgan Municipal ETF by 16.0% during the second quarter. Raymond James Financial Inc. now owns 1,763,230 shares of the company’s stock worth $87,527,000 after purchasing an additional 243,751 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in JPMorgan Municipal ETF by 40.0% in the second quarter. Ameriprise Financial Inc. now owns 1,563,490 shares of the company’s stock worth $77,572,000 after buying an additional 447,054 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in JPMorgan Municipal ETF by 18.8% in the 2nd quarter. Cetera Investment Advisers now owns 1,343,673 shares of the company’s stock worth $66,700,000 after purchasing an additional 212,407 shares during the period.

JPMorgan Municipal ETF Stock Up 1.9%

BATS JMUB opened at $50.76 on Friday. The company has a 50-day simple moving average of $50.62 and a two-hundred day simple moving average of $50.14. JPMorgan Municipal ETF has a 12-month low of $47.95 and a 12-month high of $51.31. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, October 23rd. Investors of record on Tuesday, October 21st were issued a dividend of $0.1214 per share. The ex-dividend date was Tuesday, October 21st. This represents a c) annualized dividend 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.