JPMorgan Municipal ETF $JMUB Holdings Boosted by Retirement Planning Group LLC

Retirement Planning Group LLC increased its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 296.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,679 shares of the company’s stock after purchasing an additional 42,379 shares during the period. Retirement Planning Group LLC owned 0.09% of JPMorgan Municipal ETF worth $2,814,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. bought a new stake in JPMorgan Municipal ETF during the second quarter worth approximately $230,000. Divergent Planning LLC bought a new stake in JPMorgan Municipal ETF during the second quarter worth approximately $826,000. Avidian Wealth Enterprises LLC grew its position in JPMorgan Municipal ETF by 14.9% in the second quarter. Avidian Wealth Enterprises LLC now owns 409,288 shares of the company’s stock worth $20,317,000 after buying an additional 53,062 shares during the last quarter. Madison Wealth Partners Inc grew its position in JPMorgan Municipal ETF by 5.3% in the second quarter. Madison Wealth Partners Inc now owns 6,749 shares of the company’s stock worth $335,000 after buying an additional 340 shares during the last quarter. Finally, Forvis Mazars Wealth Advisors LLC grew its position in JPMorgan Municipal ETF by 13.4% in the second quarter. Forvis Mazars Wealth Advisors LLC now owns 1,060,998 shares of the company’s stock worth $52,668,000 after buying an additional 125,209 shares during the last quarter.

JPMorgan Municipal ETF Stock Performance

JPMorgan Municipal ETF stock opened at $50.65 on Wednesday. The firm’s 50 day moving average price is $50.12 and its two-hundred day moving average price is $49.61. JPMorgan Municipal ETF has a 1 year low of $47.95 and a 1 year high of $51.31. 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 Cuts Dividend

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