Legacy Financial Advisors Inc. Decreases Stake in JPMorgan Municipal ETF (BATS:JMUB)

Legacy Financial Advisors Inc. reduced its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 16.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 209,400 shares of the company’s stock after selling 42,012 shares during the period. JPMorgan Municipal ETF makes up approximately 2.1% of Legacy Financial Advisors Inc.’s portfolio, making the stock its 13th largest position. Legacy Financial Advisors Inc.’s holdings in JPMorgan Municipal ETF were worth $10,671,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in JMUB. Axxcess Wealth Management LLC purchased a new position in JPMorgan Municipal ETF during the 4th quarter valued at about $210,000. Benjamin F. Edwards & Company Inc. raised its position in shares of JPMorgan Municipal ETF by 32.7% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 15,106 shares of the company’s stock worth $770,000 after purchasing an additional 3,726 shares during the last quarter. Aveo Capital Partners LLC lifted its stake in JPMorgan Municipal ETF by 28.0% in the 4th quarter. Aveo Capital Partners LLC now owns 154,684 shares of the company’s stock valued at $7,883,000 after buying an additional 33,828 shares in the last quarter. Benjamin Edwards Inc. acquired a new stake in JPMorgan Municipal ETF during the 4th quarter valued at $556,000. Finally, Great Valley Advisor Group Inc. increased its position in JPMorgan Municipal ETF by 24.5% during the fourth quarter. Great Valley Advisor Group Inc. now owns 122,265 shares of the company’s stock worth $6,230,000 after buying an additional 24,091 shares in the last quarter.

JPMorgan Municipal ETF Stock Up 0.2 %

Shares of BATS JMUB traded up $0.09 during trading on Friday, reaching $50.24. The company had a trading volume of 248,389 shares. The business’s fifty day simple moving average is $50.49 and its 200-day simple moving average is $50.19. The stock has a market capitalization of $1.33 billion, a PE ratio of 10.19 and a beta of 0.07.

JPMorgan Municipal ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, April 4th. Investors of record on Tuesday, April 2nd were paid a $0.1449 dividend. This is an increase from JPMorgan Municipal ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Monday, April 1st.

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.