Cyndeo Wealth Partners LLC Makes New Investment in JPMorgan Municipal ETF $JMUB

Cyndeo Wealth Partners LLC acquired a new position in JPMorgan Municipal ETF (BATS:JMUB) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 38,203 shares of the company’s stock, valued at approximately $1,929,000.

Other hedge funds have also recently made changes to their positions in the company. Magnus Financial Group LLC lifted its stake in JPMorgan Municipal ETF by 4.2% in the fourth quarter. Magnus Financial Group LLC now owns 268,763 shares of the company’s stock worth $13,573,000 after acquiring an additional 10,761 shares during the period. Boston Standard Wealth Management LLC increased its position in JPMorgan Municipal ETF by 5.8% during the 4th quarter. Boston Standard Wealth Management LLC now owns 101,384 shares of the company’s stock valued at $5,120,000 after purchasing an additional 5,594 shares during the period. Lakeridge Wealth Management LLC bought a new position in JPMorgan Municipal ETF in the 4th quarter worth $587,000. Sagespring Wealth Partners LLC lifted its position in shares of JPMorgan Municipal ETF by 758.5% in the 4th quarter. Sagespring Wealth Partners LLC now owns 221,338 shares of the company’s stock worth $11,178,000 after purchasing an additional 195,557 shares during the period. Finally, KFA Private Wealth Group LLC lifted its position in shares of 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 worth $294,000 after purchasing an additional 242 shares during the period.

JPMorgan Municipal ETF Trading Down 0.7%

Shares of JMUB opened at $50.06 on Monday. JPMorgan Municipal ETF has a 1-year low of $47.95 and a 1-year high of $51.34. The firm’s 50-day moving average price is $50.82 and its 200-day moving average price is $50.64. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a $0.1538 dividend. This represents a c) annualized dividend and a 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.

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.