Financial Strategies Group Inc. Trims Stock Position in JPMorgan Municipal ETF (BATS:JMUB)

Financial Strategies Group Inc. decreased its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 2.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,259 shares of the company’s stock after selling 276 shares during the quarter. Financial Strategies Group Inc.’s holdings in JPMorgan Municipal ETF were worth $521,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in JMUB. LPL Financial LLC grew its position in shares of JPMorgan Municipal ETF by 11.2% during the second quarter. LPL Financial LLC now owns 2,112,549 shares of the company’s stock worth $106,420,000 after acquiring an additional 212,185 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in JPMorgan Municipal ETF by 9.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,130,986 shares of the company’s stock worth $56,973,000 after purchasing an additional 94,579 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in JPMorgan Municipal ETF by 205.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 853,485 shares of the company’s stock worth $42,994,000 after purchasing an additional 574,470 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in JPMorgan Municipal ETF by 5.2% in the third 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 period. Finally, Envestnet Asset Management Inc. increased its stake in JPMorgan Municipal ETF by 119.7% in the second quarter. Envestnet Asset Management Inc. now owns 650,088 shares of the company’s stock valued at $32,748,000 after purchasing an additional 354,185 shares during the period.

JPMorgan Municipal ETF Stock Performance

BATS JMUB opened at $50.23 on Friday. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 10.22 and a beta of 0.08. The business’s 50-day moving average is $50.88 and its 200-day moving average is $50.65.

JPMorgan Municipal ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, September 5th. Stockholders of record on Tuesday, September 3rd were issued 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.