TBH Global Asset Management LLC Cuts Holdings in JPMorgan Municipal ETF $JMUB

TBH Global Asset Management LLC lowered its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 91.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,536 shares of the company’s stock after selling 313,740 shares during the quarter. TBH Global Asset Management LLC’s holdings in JPMorgan Municipal ETF were worth $1,390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of JMUB. Spire Wealth Management lifted its stake in JPMorgan Municipal ETF by 28,330.0% during the 2nd quarter. Spire Wealth Management now owns 5,686 shares of the company’s stock valued at $282,000 after acquiring an additional 5,666 shares during the period. Farther Finance Advisors LLC grew its stake in shares of JPMorgan Municipal ETF by 86.3% in the third quarter. Farther Finance Advisors LLC now owns 28,104 shares of the company’s stock worth $1,418,000 after acquiring an additional 13,021 shares during the period. ABLE Financial Group LLC raised its holdings in shares of JPMorgan Municipal ETF by 38.6% during the third quarter. ABLE Financial Group LLC now owns 417,520 shares of the company’s stock valued at $21,072,000 after purchasing an additional 116,327 shares during the last quarter. Baker Tilly Wealth Management LLC raised its holdings in shares of JPMorgan Municipal ETF by 14.2% during the third quarter. Baker Tilly Wealth Management LLC now owns 112,158 shares of the company’s stock valued at $5,661,000 after purchasing an additional 13,929 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its position in JPMorgan Municipal ETF by 2,438.3% during the second quarter. Avantax Advisory Services Inc. now owns 897,843 shares of the company’s stock valued at $44,569,000 after purchasing an additional 862,471 shares during the period.

JPMorgan Municipal ETF Trading Up 1.7%

BATS:JMUB opened at $50.65 on Wednesday. JPMorgan Municipal ETF has a 12 month low of $47.95 and a 12 month high of $51.31. The company has a market cap of $3.11 billion, a PE ratio of 9.96 and a beta of 0.21. The company has a 50 day simple moving average of $50.63 and a two-hundred day simple moving average of $50.08.

JPMorgan Municipal ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Tuesday, October 21st were paid a $0.1214 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Tuesday, October 21st.

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.