Summit X LLC Cuts Position in JPMorgan Municipal ETF (BATS:JMUB)

Summit X LLC lessened its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 8.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 27,509 shares of the company’s stock after selling 2,446 shares during the quarter. Summit X LLC’s holdings in JPMorgan Municipal ETF were worth $1,380,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sanctuary Advisors LLC lifted its stake in JPMorgan Municipal ETF by 33.3% in the third quarter. Sanctuary Advisors LLC now owns 9,094 shares of the company’s stock valued at $460,000 after purchasing an additional 2,272 shares during the last quarter. Atria Investments Inc purchased a new position in JPMorgan Municipal ETF in the third quarter valued at approximately $208,000. Cahill Financial Advisors Inc. purchased a new position in JPMorgan Municipal ETF in the third quarter valued at approximately $267,000. Stratos Wealth Partners LTD. lifted its stake in JPMorgan Municipal ETF by 7.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 6,934 shares of the company’s stock valued at $348,000 after purchasing an additional 490 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in JPMorgan Municipal ETF by 95.9% in the third quarter. Jane Street Group LLC now owns 30,946 shares of the company’s stock valued at $1,587,000 after purchasing an additional 15,146 shares during the last quarter.

JPMorgan Municipal ETF Price Performance

BATS:JMUB opened at $50.28 on Wednesday. The company has a market cap of $2.43 billion, a P/E ratio of 10.21 and a beta of 0.20. The stock’s fifty day moving average price is $50.30 and its two-hundred day moving average price is $50.60. JPMorgan Municipal ETF has a 1 year low of $49.76 and a 1 year high of $51.31.

JPMorgan Municipal ETF Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were given a dividend of $0.1429 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase 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.