Vestmark Advisory Solutions Inc. Takes Position in JPMorgan Municipal ETF $JMUB

Vestmark Advisory Solutions Inc. acquired a new stake in JPMorgan Municipal ETF (BATS:JMUB) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 93,931 shares of the company’s stock, valued at approximately $4,663,000. Vestmark Advisory Solutions Inc. owned 0.15% of JPMorgan Municipal ETF as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. U.S. Capital Wealth Advisors LLC grew its stake in shares of JPMorgan Municipal ETF by 2.4% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 8,707 shares of the company’s stock valued at $432,000 after buying an additional 208 shares in the last quarter. Forum Private Client Group LLC increased its position in JPMorgan Municipal ETF by 1.8% during the first quarter. Forum Private Client Group LLC now owns 14,808 shares of the company’s stock worth $740,000 after buying an additional 259 shares during the last quarter. Perennial Advisors LLC increased its position in JPMorgan Municipal ETF by 2.5% during the second quarter. Perennial Advisors LLC now owns 12,175 shares of the company’s stock worth $604,000 after buying an additional 300 shares during the last quarter. Madison Wealth Partners Inc raised its holdings in JPMorgan Municipal ETF by 5.3% during the second quarter. Madison Wealth Partners Inc now owns 6,749 shares of the company’s stock valued at $335,000 after buying an additional 340 shares in the last quarter. Finally, Optima Capital LLC lifted its position in shares of JPMorgan Municipal ETF by 4.4% in the second quarter. Optima Capital LLC now owns 8,410 shares of the company’s stock worth $417,000 after buying an additional 355 shares during the last quarter.

JPMorgan Municipal ETF Stock Up 1.7%

BATS:JMUB opened at $50.67 on Friday. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 12 month low of $47.95 and a 12 month high of $51.31. The company’s 50 day moving average is $50.42 and its 200-day moving average is $49.76.

JPMorgan Municipal ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, October 23rd. Investors of record on Tuesday, October 21st were paid a dividend of $0.1214 per share. The ex-dividend date was Tuesday, October 21st. This represents a c) annualized dividend and a yield of 2.9%.

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.