IAG Wealth Partners LLC Cuts Position in JPMorgan Municipal ETF (BATS:JMUB)

IAG Wealth Partners LLC decreased its position in JPMorgan Municipal ETF (BATS:JMUB) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 295,309 shares of the company’s stock after selling 1,006 shares during the quarter. JPMorgan Municipal ETF accounts for approximately 2.6% of IAG Wealth Partners LLC’s portfolio, making the stock its 12th largest position. IAG Wealth Partners LLC owned about 1.06% of JPMorgan Municipal ETF worth $14,810,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JMUB. Sunbelt Securities Inc. increased its position in shares of JPMorgan Municipal ETF by 208.0% during the third quarter. Sunbelt Securities Inc. now owns 1,118 shares of the company’s stock worth $57,000 after acquiring an additional 755 shares during the period. Allworth Financial LP purchased a new stake in shares of JPMorgan Municipal ETF during the fourth quarter worth $77,000. Hollencrest Capital Management purchased a new stake in shares of JPMorgan Municipal ETF during the fourth quarter worth $138,000. Blue Investment Partners LLC purchased a new stake in shares of JPMorgan Municipal ETF during the third quarter worth $203,000. Finally, Aptus Capital Advisors LLC increased its position in shares of JPMorgan Municipal ETF by 291.3% during the third quarter. Aptus Capital Advisors LLC now owns 4,026 shares of the company’s stock worth $206,000 after acquiring an additional 2,997 shares during the period.

JPMorgan Municipal ETF Trading Up 0.7 %

JPMorgan Municipal ETF stock opened at $50.17 on Thursday. JPMorgan Municipal ETF has a twelve month low of $49.76 and a twelve month high of $51.31. The stock’s fifty day simple moving average is $50.30 and its 200-day simple moving average is $50.60. The firm has a market capitalization of $2.43 billion, a P/E ratio of 10.21 and a beta of 0.20.

JPMorgan Municipal ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were given a dividend of $0.1429 per share. The ex-dividend date was Monday, March 3rd. This is a positive change from JPMorgan Municipal ETF’s previous dividend of $0.13.

JPMorgan Municipal ETF Company 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.