Legacy Financial Advisors Inc. Sells 79,663 Shares of JPMorgan Municipal ETF $JMUB

Legacy Financial Advisors Inc. reduced its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 26.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 226,184 shares of the company’s stock after selling 79,663 shares during the period. JPMorgan Municipal ETF makes up 1.6% of Legacy Financial Advisors Inc.’s portfolio, making the stock its 14th largest holding. Legacy Financial Advisors Inc.’s holdings in JPMorgan Municipal ETF were worth $11,415,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in JMUB. Financial Gravity Companies Inc. bought a new position in shares of JPMorgan Municipal ETF in the 2nd quarter valued at about $28,000. Archer Investment Corp purchased a new stake in JPMorgan Municipal ETF during the third quarter valued at approximately $58,000. Fifth Third Bancorp bought a new stake in shares of JPMorgan Municipal ETF in the 3rd quarter valued at approximately $61,000. Cape Investment Advisory Inc. boosted its stake 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 worth $86,000 after buying an additional 1,522 shares during the period. Finally, AE Wealth Management LLC grew its holdings in JPMorgan Municipal ETF by 49.9% during the 3rd quarter. AE Wealth Management LLC now owns 1,889 shares of the company’s stock valued at $95,000 after purchasing an additional 629 shares during the last quarter.

JPMorgan Municipal ETF Price Performance

Shares of BATS JMUB opened at $51.13 on Monday. JPMorgan Municipal ETF has a 1 year low of $47.95 and a 1 year high of $51.14. The firm has a 50-day simple moving average of $50.75 and a two-hundred day simple moving average of $50.46. The company has a market cap of $3.14 billion, a P/E ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Cuts Dividend

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

JPMorgan Municipal ETF 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.