Verus Capital Partners LLC Has $1.20 Million Stock Holdings in JPMorgan Municipal ETF (BATS:JMUB)

Verus Capital Partners LLC reduced its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 6.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,862 shares of the company’s stock after selling 1,613 shares during the period. Verus Capital Partners LLC’s holdings in JPMorgan Municipal ETF were worth $1,197,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of JMUB. LPL Financial LLC increased its position in shares of JPMorgan Municipal ETF by 18.7% during the third quarter. LPL Financial LLC now owns 2,506,748 shares of the company’s stock worth $128,521,000 after acquiring an additional 394,199 shares in the last quarter. Forvis Mazars Wealth Advisors LLC boosted its stake in JPMorgan Municipal ETF by 9.6% in the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 924,781 shares of the company’s stock worth $46,378,000 after purchasing an additional 81,180 shares during the period. Rockefeller Capital Management L.P. increased its holdings in JPMorgan Municipal ETF by 3.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 578,149 shares of the company’s stock worth $29,640,000 after purchasing an additional 16,794 shares in the last quarter. Asio Capital LLC raised its stake in shares of JPMorgan Municipal ETF by 11.8% in the 4th quarter. Asio Capital LLC now owns 518,525 shares of the company’s stock valued at $26,077,000 after purchasing an additional 54,823 shares during the period. Finally, Collective Family Office LLC lifted its holdings in shares of JPMorgan Municipal ETF by 11.1% in the fourth quarter. Collective Family Office LLC now owns 504,584 shares of the company’s stock valued at $25,305,000 after purchasing an additional 50,451 shares in the last quarter.

JPMorgan Municipal ETF Stock Performance

BATS:JMUB opened at $50.67 on Friday. The stock’s 50-day moving average price is $50.26 and its 200-day moving average price is $50.63. The company has a market capitalization of $1.41 billion, a P/E ratio of 10.19 and a beta of 0.08.

JPMorgan Municipal ETF Cuts Dividend

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

JPMorgan Municipal ETF 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.