GGM Financials LLC Sells 1,730 Shares of JPMorgan Municipal ETF (BATS:JMUB)

GGM Financials LLC lowered its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 11.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 13,906 shares of the company’s stock after selling 1,730 shares during the quarter. JPMorgan Municipal ETF comprises about 0.7% of GGM Financials LLC’s investment portfolio, making the stock its 28th biggest position. GGM Financials LLC’s holdings in JPMorgan Municipal ETF were worth $697,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in JMUB. Sanctuary Advisors LLC acquired a new stake in shares of JPMorgan Municipal ETF in the 2nd quarter valued at $342,000. CVA Family Office LLC grew its position in shares of JPMorgan Municipal ETF by 12.9% during the 3rd quarter. CVA Family Office LLC now owns 113,300 shares of the company’s stock worth $5,809,000 after buying an additional 12,905 shares during the period. FMA Wealth Management LLC lifted its stake in shares of JPMorgan Municipal ETF by 10.7% in the 3rd quarter. FMA Wealth Management LLC now owns 64,137 shares of the company’s stock valued at $3,288,000 after purchasing an additional 6,213 shares during the period. Magnus Financial Group LLC boosted its holdings in JPMorgan Municipal ETF by 48.6% during the third quarter. Magnus Financial Group LLC now owns 322,192 shares of the company’s stock worth $16,519,000 after buying an additional 105,360 shares during the last quarter. Finally, Cornerstone Wealth Management LLC grew its holdings in JPMorgan Municipal ETF by 11.4% during the third quarter. Cornerstone Wealth Management LLC now owns 160,317 shares of the company’s stock valued at $8,219,000 after purchasing an additional 16,443 shares during the period.

JPMorgan Municipal ETF Stock Performance

JMUB opened at $50.41 on Monday. The company has a 50 day moving average price of $50.35 and a two-hundred day moving average price of $50.67. The company has a market cap of $1.40 billion, a PE ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.1299 per share. The ex-dividend date was Monday, February 3rd.

JPMorgan Municipal ETF Company 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.