Magnus Financial Group LLC Has $13.57 Million Stock Position in JPMorgan Municipal ETF $JMUB

Magnus Financial Group LLC grew its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 268,763 shares of the company’s stock after acquiring an additional 10,761 shares during the period. JPMorgan Municipal ETF accounts for 1.0% of Magnus Financial Group LLC’s holdings, making the stock its 23rd largest position. Magnus Financial Group LLC owned about 0.44% of JPMorgan Municipal ETF worth $13,573,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Daymark Wealth Partners LLC increased its stake in shares of JPMorgan Municipal ETF by 0.6% during the third quarter. Daymark Wealth Partners LLC now owns 38,347 shares of the company’s stock worth $1,935,000 after purchasing an additional 228 shares during the period. Fifth Third Securities Inc. boosted its stake in JPMorgan Municipal ETF by 3.2% in the 3rd quarter. Fifth Third Securities Inc. now owns 7,561 shares of the company’s stock valued at $382,000 after purchasing an additional 231 shares during the period. KFA Private Wealth Group LLC boosted its stake in JPMorgan Municipal ETF by 4.3% in the 4th quarter. KFA Private Wealth Group LLC now owns 5,827 shares of the company’s stock valued at $294,000 after purchasing an additional 242 shares during the period. Axis Wealth Partners LLC grew its holdings in JPMorgan Municipal ETF by 4.4% in the 3rd quarter. Axis Wealth Partners LLC now owns 7,172 shares of the company’s stock valued at $362,000 after buying an additional 300 shares in the last quarter. Finally, Sagespring Wealth Partners LLC grew its holdings in JPMorgan Municipal ETF by 1.3% in the 3rd quarter. Sagespring Wealth Partners LLC now owns 25,781 shares of the company’s stock valued at $1,301,000 after buying an additional 319 shares in the last quarter.

JPMorgan Municipal ETF Price Performance

JMUB stock opened at $50.06 on Friday. JPMorgan Municipal ETF has a fifty-two week low of $47.95 and a fifty-two week high of $51.34. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The business’s fifty day moving average price is $50.82 and its two-hundred day moving average price is $50.64.

JPMorgan Municipal ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were paid a $0.1538 dividend. This represents a c) annualized dividend and a dividend yield of 3.7%. This is a boost from JPMorgan Municipal ETF’s previous monthly dividend of $0.14. The ex-dividend date was Monday, March 2nd.

JPMorgan Municipal ETF 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.