Cwm LLC Sells 3,431 Shares of JPMorgan Municipal ETF (BATS:JMUB)

Cwm LLC lessened its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 67.9% during the third quarter, HoldingsChannel.com reports. The fund owned 1,624 shares of the company’s stock after selling 3,431 shares during the period. Cwm LLC’s holdings in JPMorgan Municipal ETF were worth $83,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JMUB. Skyline Advisors Inc. grew its position in JPMorgan Municipal ETF by 10.2% in the first quarter. Skyline Advisors Inc. now owns 185,661 shares of the company’s stock valued at $9,420,000 after acquiring an additional 17,217 shares during the last quarter. Financial Strategies Group Inc. grew its position in JPMorgan Municipal ETF by 76.9% in the first quarter. Financial Strategies Group Inc. now owns 10,611 shares of the company’s stock valued at $534,000 after acquiring an additional 4,613 shares during the last quarter. Naviter Wealth LLC bought a new position in JPMorgan Municipal ETF in the first quarter valued at about $1,584,000. Lifestyle Asset Management Inc. bought a new position in JPMorgan Municipal ETF in the first quarter valued at about $815,000. Finally, Cornerstone Wealth Management LLC grew its position in JPMorgan Municipal ETF by 6.2% in the first quarter. Cornerstone Wealth Management LLC now owns 137,610 shares of the company’s stock valued at $6,982,000 after acquiring an additional 8,009 shares during the last quarter.

JPMorgan Municipal ETF Stock Performance

JPMorgan Municipal ETF stock opened at $50.50 on Friday. The company has a market capitalization of $1.40 billion, a PE ratio of 10.22 and a beta of 0.08. The company has a 50-day simple moving average of $50.98 and a 200-day simple moving average of $50.63.

JPMorgan Municipal ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, September 5th. Stockholders 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 of this dividend 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.