Walkner Condon Financial Advisors LLC Sells 8,629 Shares of JPMorgan Municipal ETF (BATS:JMUB)

Walkner Condon Financial Advisors LLC cut its stake in JPMorgan Municipal ETF (BATS:JMUB) by 28.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,893 shares of the company’s stock after selling 8,629 shares during the quarter. Walkner Condon Financial Advisors LLC owned about 0.08% of JPMorgan Municipal ETF worth $1,122,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. LPL Financial LLC boosted its position in shares of JPMorgan Municipal ETF by 11.2% in the 2nd quarter. LPL Financial LLC now owns 2,112,549 shares of the company’s stock worth $106,420,000 after purchasing an additional 212,185 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in JPMorgan Municipal ETF by 9.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,130,986 shares of the company’s stock worth $56,973,000 after acquiring an additional 94,579 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of JPMorgan Municipal ETF by 205.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 853,485 shares of the company’s stock worth $42,994,000 after acquiring an additional 574,470 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of JPMorgan Municipal ETF by 5.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 768,550 shares of the company’s stock valued at $39,404,000 after purchasing an additional 38,001 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of JPMorgan Municipal ETF by 119.7% during the second quarter. Envestnet Asset Management Inc. now owns 650,088 shares of the company’s stock worth $32,748,000 after buying an additional 354,185 shares during the period.

JPMorgan Municipal ETF Stock Down 1.0 %

JMUB opened at $50.01 on Thursday. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 10.22 and a beta of 0.08. The stock’s 50-day simple moving average is $50.90 and its 200 day simple moving average is $50.65.

JPMorgan Municipal ETF Increases Dividend

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

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.