Synergy Investment Management LLC Invests $923,000 in JPMorgan Municipal ETF $JMUB

Synergy Investment Management LLC purchased a new stake in shares of JPMorgan Municipal ETF (BATS:JMUB) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 18,283 shares of the company’s stock, valued at approximately $923,000.

Other hedge funds also recently added to or reduced their stakes in the company. Financial Gravity Companies Inc. purchased a new position in JPMorgan Municipal ETF during the 2nd quarter valued at about $28,000. Briaud Financial Planning Inc purchased a new stake in shares of JPMorgan Municipal ETF in the 2nd quarter worth approximately $48,000. Archer Investment Corp bought a new position in shares of JPMorgan Municipal ETF during the third quarter valued at approximately $58,000. Fifth Third Bancorp purchased a new position in JPMorgan Municipal ETF during the third quarter valued at approximately $61,000. Finally, Cape Investment Advisory Inc. increased its holdings in JPMorgan Municipal ETF by 698.2% during the second quarter. Cape Investment Advisory Inc. now owns 1,740 shares of the company’s stock valued at $86,000 after buying an additional 1,522 shares during the period.

JPMorgan Municipal ETF Price Performance

JPMorgan Municipal ETF stock opened at $51.09 on Thursday. The firm has a market cap of $3.13 billion, a P/E ratio of 9.96 and a beta of 0.21. The business has a fifty day moving average of $50.73 and a two-hundred day moving average of $50.43. JPMorgan Municipal ETF has a twelve month low of $47.95 and a twelve month high of $51.12.

JPMorgan Municipal ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a dividend of $0.1414 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Monday, February 2nd.

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.