Marmo Financial Group LLC Makes New Investment in JPMorgan Municipal ETF $JMUB

Marmo Financial Group LLC bought a new position in JPMorgan Municipal ETF (BATS:JMUB) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 58,435 shares of the company’s stock, valued at approximately $2,949,000. JPMorgan Municipal ETF makes up about 1.4% of Marmo Financial Group LLC’s holdings, making the stock its 18th biggest holding.

Other institutional investors also recently bought and sold shares of the company. ST Germain D J Co. Inc. purchased a new stake in JPMorgan Municipal ETF in the 2nd quarter worth $25,000. Financial Gravity Companies Inc. bought a new stake in shares of JPMorgan Municipal ETF in the second quarter worth about $28,000. Briaud Financial Planning Inc purchased a new stake in shares of JPMorgan Municipal ETF in the second quarter worth about $48,000. Abound Wealth Management bought a new position in JPMorgan Municipal ETF during the second quarter valued at approximately $78,000. Finally, Cape Investment Advisory Inc. boosted its stake in JPMorgan Municipal ETF by 698.2% during the second quarter. Cape Investment Advisory Inc. now owns 1,740 shares of the company’s stock valued at $86,000 after buying an additional 1,522 shares during the last quarter.

JPMorgan Municipal ETF Price Performance

BATS:JMUB opened at $50.76 on Friday. The company 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 1 year low of $47.95 and a 1 year high of $51.31. The stock’s 50 day simple moving average is $50.62 and its two-hundred day simple moving average is $50.14.

JPMorgan Municipal ETF Cuts Dividend

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