GGM Financials LLC Has $802,000 Stock Position in JPMorgan Municipal ETF (BATS:JMUB)

GGM Financials LLC lowered its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 5.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 15,636 shares of the company’s stock after selling 825 shares during the period. JPMorgan Municipal ETF makes up 0.7% of GGM Financials LLC’s investment portfolio, making the stock its 26th biggest holding. GGM Financials LLC owned about 0.06% of JPMorgan Municipal ETF worth $802,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Western Wealth Management LLC increased its stake in JPMorgan Municipal ETF by 2.0% in the second quarter. Western Wealth Management LLC now owns 10,992 shares of the company’s stock valued at $554,000 after acquiring an additional 217 shares during the period. Family Investment Center Inc. grew its stake in shares of JPMorgan Municipal ETF by 1.2% in the 3rd quarter. Family Investment Center Inc. now owns 21,716 shares of the company’s stock valued at $1,113,000 after purchasing an additional 254 shares during the period. ERn Financial LLC raised its holdings in shares of JPMorgan Municipal ETF by 1.0% in the 2nd quarter. ERn Financial LLC now owns 33,037 shares of the company’s stock worth $1,664,000 after buying an additional 316 shares in the last quarter. WealthCare Investment Partners LLC lifted its position 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 worth $2,979,000 after buying an additional 333 shares during the period. Finally, Mason & Associates Inc grew its position in JPMorgan Municipal ETF by 1.1% in the third quarter. Mason & Associates Inc now owns 32,486 shares of the company’s stock valued at $1,666,000 after acquiring an additional 343 shares during the period.

JPMorgan Municipal ETF Stock Performance

Shares of BATS JMUB opened at $50.01 on Thursday. The firm’s 50-day moving average is $50.90 and its two-hundred day moving average is $50.65. The company has a market capitalization of $1.39 billion, a PE ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, September 5th. Shareholders of record on Tuesday, September 3rd were given a $0.1506 dividend. The ex-dividend date of this dividend 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.