Magnus Financial Group LLC Increases Stake in JPMorgan Municipal ETF (BATS:JMUB)

Magnus Financial Group LLC boosted its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 48.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 322,192 shares of the company’s stock after purchasing an additional 105,360 shares during the period. JPMorgan Municipal ETF makes up about 1.7% of Magnus Financial Group LLC’s portfolio, making the stock its 11th biggest position. Magnus Financial Group LLC owned approximately 1.16% of JPMorgan Municipal ETF worth $16,519,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Western Wealth Management LLC lifted its holdings in shares of JPMorgan Municipal ETF by 2.0% in the 2nd quarter. Western Wealth Management LLC now owns 10,992 shares of the company’s stock valued at $554,000 after buying an additional 217 shares during the period. Financial Connections Group Inc. grew its stake in shares of JPMorgan Municipal ETF by 1.7% during the 1st quarter. Financial Connections Group Inc. now owns 14,051 shares of the company’s stock worth $713,000 after purchasing an additional 235 shares during the period. ERn Financial LLC increased its holdings in shares of JPMorgan Municipal ETF by 1.0% during the 2nd quarter. ERn Financial LLC now owns 33,037 shares of the company’s stock valued at $1,664,000 after purchasing an additional 316 shares in the last quarter. WealthCare Investment Partners LLC increased its holdings in shares of JPMorgan Municipal ETF by 0.6% during the 3rd quarter. WealthCare Investment Partners LLC now owns 58,498 shares of the company’s stock valued at $2,979,000 after purchasing an additional 333 shares in the last quarter. Finally, Resonant Capital Advisors LLC lifted its stake in shares of JPMorgan Municipal ETF by 0.6% in the 1st quarter. Resonant Capital Advisors LLC now owns 76,169 shares of the company’s stock valued at $3,865,000 after purchasing an additional 449 shares during the period.

JPMorgan Municipal ETF Trading Up 0.3 %

JMUB stock traded up $0.13 during mid-day trading on Tuesday, reaching $50.90. 188,964 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.41 billion, a P/E ratio of 10.22 and a beta of 0.08. The firm has a 50-day moving average of $51.02 and a 200 day moving average of $50.62.

JPMorgan Municipal ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, September 5th. Stockholders of record on Tuesday, September 3rd were paid a $0.1506 dividend. The ex-dividend date was Tuesday, September 3rd. This is a positive change from JPMorgan Municipal ETF’s previous dividend of $0.15.

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.