JPMorgan Municipal ETF (BATS:JMUB) Shares Sold by Naviter Wealth LLC

Naviter Wealth LLC trimmed its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 13.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 39,474 shares of the company’s stock after selling 5,877 shares during the quarter. Naviter Wealth LLC’s holdings in JPMorgan Municipal ETF were worth $1,985,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Gryphon Financial Partners LLC raised its position in shares of JPMorgan Municipal ETF by 4.2% in the fourth quarter. Gryphon Financial Partners LLC now owns 6,045 shares of the company’s stock valued at $303,000 after buying an additional 245 shares during the last quarter. Fifth Third Securities Inc. grew its holdings in shares of JPMorgan Municipal ETF by 3.7% in the fourth quarter. Fifth Third Securities Inc. now owns 8,290 shares of the company’s stock valued at $416,000 after purchasing an additional 292 shares during the period. Stone Point Wealth LLC grew its holdings in shares of JPMorgan Municipal ETF by 3.3% in the third quarter. Stone Point Wealth LLC now owns 9,496 shares of the company’s stock valued at $487,000 after purchasing an additional 300 shares during the period. D Orazio & Associates Inc. grew its holdings in shares of JPMorgan Municipal ETF by 6.6% in the third quarter. D Orazio & Associates Inc. now owns 4,975 shares of the company’s stock valued at $255,000 after purchasing an additional 308 shares during the period. Finally, Walkner Condon Financial Advisors LLC grew its holdings in shares of JPMorgan Municipal ETF by 1.4% in the fourth quarter. Walkner Condon Financial Advisors LLC now owns 22,206 shares of the company’s stock valued at $1,114,000 after purchasing an additional 313 shares during the period.

JPMorgan Municipal ETF Trading Up 1.1 %

Shares of JMUB opened at $50.37 on Friday. JPMorgan Municipal ETF has a 12-month low of $49.76 and a 12-month high of $51.31. The firm has a 50-day moving average price of $50.30 and a 200 day moving average price of $50.61. The firm has a market capitalization of $1.40 billion, a P/E ratio of 10.19 and a beta of 0.08.

JPMorgan Municipal ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were issued a $0.1429 dividend. The ex-dividend date of this dividend 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.