AllGen Financial Advisors Inc. Cuts Stock Holdings in JPMorgan Municipal ETF (BATS:JMUB)

AllGen Financial Advisors Inc. lessened its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 10.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 303,185 shares of the company’s stock after selling 33,782 shares during the quarter. JPMorgan Municipal ETF makes up 5.0% of AllGen Financial Advisors Inc.’s holdings, making the stock its 8th largest holding. AllGen Financial Advisors Inc. owned about 1.09% of JPMorgan Municipal ETF worth $15,544,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Raymond James & Associates lifted its holdings in shares of JPMorgan Municipal ETF by 40.1% in the 3rd quarter. Raymond James & Associates now owns 404,255 shares of the company’s stock worth $20,726,000 after buying an additional 115,690 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of JPMorgan Municipal ETF by 45.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 4,498 shares of the company’s stock worth $226,000 after buying an additional 1,398 shares during the period. Brookstone Capital Management purchased a new stake in shares of JPMorgan Municipal ETF in the 2nd quarter worth $261,000. Chesley Taft & Associates LLC lifted its holdings in shares of JPMorgan Municipal ETF by 186.3% in the 2nd quarter. Chesley Taft & Associates LLC now owns 19,680 shares of the company’s stock worth $991,000 after buying an additional 12,805 shares during the period. Finally, Jane Street Group LLC lifted its holdings in shares of JPMorgan Municipal ETF by 396.5% in the 1st quarter. Jane Street Group LLC now owns 108,061 shares of the company’s stock worth $5,483,000 after buying an additional 86,296 shares during the period.

JPMorgan Municipal ETF Stock Up 0.1 %

Shares of JMUB stock opened at $50.50 on Friday. The stock has a market cap of $1.40 billion, a PE ratio of 10.22 and a beta of 0.08. The stock has a fifty day moving average price of $50.98 and a two-hundred day moving average price of $50.63.

JPMorgan Municipal ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.1506 per share. This is a boost from JPMorgan Municipal ETF’s previous dividend of $0.15. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.