Focus Partners Advisor Solutions LLC Sells 2,053 Shares of JPMorgan Municipal ETF $JMUB

Focus Partners Advisor Solutions LLC trimmed its position in JPMorgan Municipal ETF (BATS:JMUB) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 68,391 shares of the company’s stock after selling 2,053 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in JPMorgan Municipal ETF were worth $3,395,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. LPL Financial LLC raised its holdings in shares of JPMorgan Municipal ETF by 7.1% in the 1st quarter. LPL Financial LLC now owns 2,847,971 shares of the company’s stock valued at $142,399,000 after purchasing an additional 188,645 shares during the period. Meeder Advisory Services Inc. bought a new stake in shares of JPMorgan Municipal ETF in the 1st quarter valued at about $126,587,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of JPMorgan Municipal ETF by 9.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,199,520 shares of the company’s stock valued at $109,976,000 after purchasing an additional 190,891 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of JPMorgan Municipal ETF by 42.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,899,154 shares of the company’s stock valued at $94,037,000 after purchasing an additional 569,892 shares during the period. Finally, Raymond James Financial Inc. raised its holdings in shares of JPMorgan Municipal ETF by 20.5% in the 1st quarter. Raymond James Financial Inc. now owns 1,519,479 shares of the company’s stock valued at $75,974,000 after purchasing an additional 258,686 shares during the period.

JPMorgan Municipal ETF Stock Performance

Shares of JMUB stock opened at $50.69 on Friday. The firm’s 50-day moving average is $50.19 and its 200-day moving average is $49.64. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 52-week low of $47.95 and a 52-week high of $51.31.

JPMorgan Municipal ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, October 23rd. Investors of record on Tuesday, October 21st were paid a $0.1214 dividend. The ex-dividend date was Tuesday, October 21st. This represents a c) dividend on an annualized basis and a yield of 2.9%.

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.