LWM Advisory Services LLC Sells 30,581 Shares of JPMorgan Municipal ETF (BATS:JMUB)

LWM Advisory Services LLC decreased its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 21.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 112,901 shares of the company’s stock after selling 30,581 shares during the quarter. JPMorgan Municipal ETF comprises about 5.1% of LWM Advisory Services LLC’s portfolio, making the stock its 5th biggest holding. LWM Advisory Services LLC owned about 1.00% of JPMorgan Municipal ETF worth $5,753,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in JMUB. LPL Financial LLC boosted its stake in shares of JPMorgan Municipal ETF by 28.7% during the 3rd quarter. LPL Financial LLC now owns 1,204,564 shares of the company’s stock worth $58,265,000 after acquiring an additional 268,405 shares during the period. FORVIS Wealth Advisors LLC boosted its stake in shares of JPMorgan Municipal ETF by 39.5% during the 4th quarter. FORVIS Wealth Advisors LLC now owns 517,703 shares of the company’s stock worth $26,382,000 after acquiring an additional 146,528 shares during the period. CENTRAL TRUST Co boosted its stake in shares of JPMorgan Municipal ETF by 4.4% during the 4th quarter. CENTRAL TRUST Co now owns 420,497 shares of the company’s stock worth $21,429,000 after acquiring an additional 17,571 shares during the period. Morningstar Investment Services LLC boosted its stake in shares of JPMorgan Municipal ETF by 36.3% during the 3rd quarter. Morningstar Investment Services LLC now owns 412,861 shares of the company’s stock worth $19,958,000 after acquiring an additional 109,876 shares during the period. Finally, Stifel Financial Corp boosted its stake in shares of JPMorgan Municipal ETF by 14.8% during the 3rd quarter. Stifel Financial Corp now owns 352,440 shares of the company’s stock worth $17,048,000 after acquiring an additional 45,555 shares during the period.

JPMorgan Municipal ETF Stock Up 0.1 %

Shares of BATS JMUB traded up $0.06 during midday trading on Monday, hitting $50.20. 103,228 shares of the company’s stock were exchanged. The business has a 50 day moving average of $50.55 and a 200 day moving average of $50.14. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 10.19 and a beta of 0.07.

JPMorgan Municipal ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, April 4th. Stockholders of record on Tuesday, April 2nd were paid a dividend of $0.1449 per share. This is an increase from JPMorgan Municipal ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Monday, April 1st.

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.