Financial Strategies Group Inc. Decreases Position in JPMorgan Municipal ETF (BATS:JMUB)

Financial Strategies Group Inc. decreased its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 2.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,259 shares of the company’s stock after selling 276 shares during the period. Financial Strategies Group Inc.’s holdings in JPMorgan Municipal ETF were worth $521,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Raymond James Financial Services Advisors Inc. lifted its stake in JPMorgan Municipal ETF by 205.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 853,485 shares of the company’s stock worth $42,994,000 after acquiring an additional 574,470 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of JPMorgan Municipal ETF by 119.7% during the second quarter. Envestnet Asset Management Inc. now owns 650,088 shares of the company’s stock worth $32,748,000 after purchasing an additional 354,185 shares in the last quarter. LPL Financial LLC increased its holdings in JPMorgan Municipal ETF by 11.2% in the second quarter. LPL Financial LLC now owns 2,112,549 shares of the company’s stock valued at $106,420,000 after buying an additional 212,185 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in JPMorgan Municipal ETF in the first quarter valued at $7,483,000. Finally, Smith & Howard Wealth Management LLC raised its stake in JPMorgan Municipal ETF by 70.3% in the second quarter. Smith & Howard Wealth Management LLC now owns 282,002 shares of the company’s stock valued at $14,206,000 after buying an additional 116,432 shares in the last quarter.

JPMorgan Municipal ETF Trading Up 0.5 %

BATS:JMUB opened at $50.23 on Friday. The firm has a market cap of $1.39 billion, a PE ratio of 10.22 and a beta of 0.08. The business’s 50-day simple moving average is $50.88 and its 200-day simple moving average is $50.65.

JPMorgan Municipal ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were issued a $0.1506 dividend. This is an increase from JPMorgan Municipal ETF’s previous dividend of $0.15. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.