W.H. Cornerstone Investments Inc. Buys New Position in JPMorgan Municipal ETF $JMUB

W.H. Cornerstone Investments Inc. bought a new stake in JPMorgan Municipal ETF (BATS:JMUB) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 8,300 shares of the company’s stock, valued at approximately $412,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Allworth Financial LP boosted its holdings in shares of JPMorgan Municipal ETF by 91.2% during the first quarter. Allworth Financial LP now owns 2,919 shares of the company’s stock worth $144,000 after purchasing an additional 1,392 shares during the period. Private Wealth Management Group LLC increased its position in JPMorgan Municipal ETF by 24.1% during the 1st quarter. Private Wealth Management Group LLC now owns 16,646 shares of the company’s stock valued at $832,000 after purchasing an additional 3,231 shares during the period. Lineweaver Wealth Advisors LLC lifted its position in shares of JPMorgan Municipal ETF by 13.5% in the 1st quarter. Lineweaver Wealth Advisors LLC now owns 36,634 shares of the company’s stock worth $1,832,000 after purchasing an additional 4,356 shares during the period. HTG Investment Advisors Inc. boosted its stake in shares of JPMorgan Municipal ETF by 18.0% during the 1st quarter. HTG Investment Advisors Inc. now owns 82,986 shares of the company’s stock valued at $4,149,000 after purchasing an additional 12,660 shares in the last quarter. Finally, Bailard Inc. grew its holdings in shares of JPMorgan Municipal ETF by 48.9% during the 1st quarter. Bailard Inc. now owns 1,095,717 shares of the company’s stock worth $54,786,000 after acquiring an additional 359,784 shares during the period.

JPMorgan Municipal ETF Stock Performance

Shares of JMUB traded up $0.87 during trading hours on Thursday, hitting $50.66. The company had a trading volume of 856,850 shares, compared to its average volume of 442,124. JPMorgan Municipal ETF has a 52-week low of $47.95 and a 52-week high of $51.31. The firm has a fifty day moving average price of $50.50 and a 200-day moving average price of $49.79. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Tuesday, October 21st were issued a dividend of $0.1214 per share. The ex-dividend date of this dividend 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.