GGM Financials LLC Has $802,000 Position in JPMorgan Municipal ETF (BATS:JMUB)

GGM Financials LLC cut its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 5.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 15,636 shares of the company’s stock after selling 825 shares during the quarter. JPMorgan Municipal ETF comprises approximately 0.7% of GGM Financials LLC’s portfolio, making the stock its 26th largest holding. GGM Financials LLC’s holdings in JPMorgan Municipal ETF were worth $802,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. LPL Financial LLC increased its position in JPMorgan Municipal ETF by 11.2% in the 2nd quarter. LPL Financial LLC now owns 2,112,549 shares of the company’s stock valued at $106,420,000 after acquiring an additional 212,185 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of JPMorgan Municipal ETF by 9.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,130,986 shares of the company’s stock valued at $56,973,000 after purchasing an additional 94,579 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in JPMorgan Municipal ETF by 205.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 853,485 shares of the company’s stock worth $42,994,000 after purchasing an additional 574,470 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in JPMorgan Municipal ETF by 5.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 768,550 shares of the company’s stock worth $39,404,000 after buying an additional 38,001 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in JPMorgan Municipal ETF by 119.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 650,088 shares of the company’s stock valued at $32,748,000 after buying an additional 354,185 shares during the last quarter.

JPMorgan Municipal ETF Trading Down 1.0 %

JMUB stock opened at $50.01 on Thursday. The company has a market capitalization of $1.39 billion, a P/E ratio of 10.22 and a beta of 0.08. The business’s fifty day moving average price is $50.90 and its two-hundred day moving average price is $50.65.

JPMorgan Municipal ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, September 5th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.1506 per share. This is a boost from JPMorgan Municipal ETF’s previous dividend of $0.15. The ex-dividend date was Tuesday, September 3rd.

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.