Bridge Generations Wealth Management LLC Cuts Stock Holdings in JPMorgan Municipal ETF $JMUB

Bridge Generations Wealth Management LLC reduced its position in JPMorgan Municipal ETF (BATS:JMUB) by 55.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,294 shares of the company’s stock after selling 33,612 shares during the period. JPMorgan Municipal ETF comprises about 0.9% of Bridge Generations Wealth Management LLC’s portfolio, making the stock its 22nd biggest holding. Bridge Generations Wealth Management LLC’s holdings in JPMorgan Municipal ETF were worth $1,378,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in JMUB. Avantax Advisory Services Inc. increased its holdings in JPMorgan Municipal ETF by 2,438.3% in the second quarter. Avantax Advisory Services Inc. now owns 897,843 shares of the company’s stock valued at $44,569,000 after buying an additional 862,471 shares in the last quarter. Bank of America Corp DE raised its holdings in JPMorgan Municipal ETF by 152.3% in the 2nd quarter. Bank of America Corp DE now owns 1,101,672 shares of the company’s stock worth $54,687,000 after purchasing an additional 665,100 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in JPMorgan Municipal ETF by 33.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,540,890 shares of the company’s stock worth $128,035,000 after purchasing an additional 641,736 shares in the last quarter. Avantax Planning Partners Inc. boosted its position in JPMorgan Municipal ETF by 88.8% during the third quarter. Avantax Planning Partners Inc. now owns 1,160,184 shares of the company’s stock worth $58,554,000 after purchasing an additional 545,783 shares in the last quarter. Finally, Lebenthal Global Advisors LLC acquired a new stake in JPMorgan Municipal ETF in the third quarter valued at approximately $23,839,000.

JPMorgan Municipal ETF Price Performance

Shares of JMUB stock opened at $51.01 on Friday. JPMorgan Municipal ETF has a 1-year low of $47.95 and a 1-year high of $51.02. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The stock has a 50 day simple moving average of $50.68 and a 200-day simple moving average of $50.37.

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 issued a dividend of $0.1414 per share. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend 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.