Newman Dignan & Sheerar Inc. Has $4.20 Million Position in JPMorgan Municipal ETF (BATS:JMUB)

Newman Dignan & Sheerar Inc. reduced its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 4.2% during the 4th quarter, HoldingsChannel reports. The firm owned 83,724 shares of the company’s stock after selling 3,634 shares during the quarter. JPMorgan Municipal ETF comprises about 1.1% of Newman Dignan & Sheerar Inc.’s investment portfolio, making the stock its 24th biggest position. Newman Dignan & Sheerar Inc.’s holdings in JPMorgan Municipal ETF were worth $4,199,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James & Associates grew its position in shares of JPMorgan Municipal ETF by 40.1% in the third quarter. Raymond James & Associates now owns 404,255 shares of the company’s stock valued at $20,726,000 after purchasing an additional 115,690 shares during the last quarter. Sanctuary Advisors LLC grew its position in JPMorgan Municipal ETF by 33.3% during the third quarter. Sanctuary Advisors LLC now owns 9,094 shares of the company’s stock worth $460,000 after buying an additional 2,272 shares in the last quarter. Atria Investments Inc acquired a new stake in JPMorgan Municipal ETF during the third quarter worth about $208,000. Cahill Financial Advisors Inc. acquired a new stake in JPMorgan Municipal ETF during the third quarter worth about $267,000. Finally, Jane Street Group LLC grew its position in JPMorgan Municipal ETF by 95.9% during the third quarter. Jane Street Group LLC now owns 30,946 shares of the company’s stock worth $1,587,000 after buying an additional 15,146 shares in the last quarter.

JPMorgan Municipal ETF Trading Up 1.1 %

JMUB stock opened at $50.35 on Friday. The firm has a market capitalization of $1.40 billion, a P/E ratio of 10.22 and a beta of 0.08. The business’s fifty day moving average price is $50.29 and its 200-day moving average price is $50.66.

JPMorgan Municipal ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, February 3rd were given a dividend of $0.1299 per share. The ex-dividend date was Monday, February 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.