Resonant Capital Advisors LLC Has $3.92 Million Position in JPMorgan Municipal ETF $JMUB

Resonant Capital Advisors LLC cut its position in JPMorgan Municipal ETF (BATS:JMUB) by 10.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,922 shares of the company’s stock after selling 9,656 shares during the quarter. Resonant Capital Advisors LLC owned 0.13% of JPMorgan Municipal ETF worth $3,918,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. increased its stake in shares of JPMorgan Municipal ETF by 7.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 53,889 shares of the company’s stock valued at $2,694,000 after buying an additional 3,561 shares during the period. Oppenheimer & Co. Inc. bought a new stake in JPMorgan Municipal ETF during the 1st quarter worth approximately $204,000. Perigon Wealth Management LLC increased its position in JPMorgan Municipal ETF by 63.2% in the 1st quarter. Perigon Wealth Management LLC now owns 42,840 shares of the company’s stock valued at $2,142,000 after acquiring an additional 16,595 shares during the period. Western Wealth Management LLC increased its position in JPMorgan Municipal ETF by 5.1% in the 1st quarter. Western Wealth Management LLC now owns 12,769 shares of the company’s stock valued at $638,000 after acquiring an additional 619 shares during the period. Finally, Golden State Wealth Management LLC raised its stake in shares of JPMorgan Municipal ETF by 10.5% during the first quarter. Golden State Wealth Management LLC now owns 27,452 shares of the company’s stock valued at $1,373,000 after acquiring an additional 2,616 shares during the last quarter.

JPMorgan Municipal ETF Stock Up 1.8%

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

JPMorgan Municipal ETF Cuts Dividend

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

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.