47,374 Shares in JPMorgan Municipal ETF $JMUB Bought by Silver Oak Wealth Advisors Services LLC

Silver Oak Wealth Advisors Services LLC bought a new position in shares of JPMorgan Municipal ETF (BATS:JMUB) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 47,374 shares of the company’s stock, valued at approximately $2,352,000. JPMorgan Municipal ETF makes up about 1.7% of Silver Oak Wealth Advisors Services LLC’s investment portfolio, making the stock its 14th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of JMUB. Cambridge Investment Research Advisors Inc. grew its stake in JPMorgan Municipal ETF by 7.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 53,889 shares of the company’s stock worth $2,694,000 after purchasing an additional 3,561 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of JPMorgan Municipal ETF during the 1st quarter worth about $204,000. Balance Wealth LLC acquired a new position in shares of JPMorgan Municipal ETF during the 1st quarter worth about $416,000. Golden State Equity Partners boosted its position in shares of JPMorgan Municipal ETF by 3.4% during the 1st quarter. Golden State Equity Partners now owns 18,288 shares of the company’s stock worth $914,000 after acquiring an additional 594 shares in the last quarter. Finally, Daymark Wealth Partners LLC boosted its position in shares of JPMorgan Municipal ETF by 14.3% during the 1st quarter. Daymark Wealth Partners LLC now owns 36,922 shares of the company’s stock worth $1,846,000 after acquiring an additional 4,618 shares in the last quarter.

JPMorgan Municipal ETF Stock Performance

BATS:JMUB opened at $50.68 on Thursday. The stock has a 50-day simple moving average of $50.14 and a 200-day simple moving average of $49.62. The stock has a market cap of $3.11 billion, a P/E ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 1 year low of $47.95 and a 1 year high of $51.31.

JPMorgan Municipal ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Tuesday, October 21st will be given a dividend of $0.1214 per share. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, October 21st.

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.