Kestra Private Wealth Services LLC Sells 29,677 Shares of JPMorgan Municipal ETF (BATS:JMUB)

Kestra Private Wealth Services LLC trimmed its position in JPMorgan Municipal ETF (BATS:JMUB) by 45.0% in the fourth quarter, HoldingsChannel reports. The firm owned 36,199 shares of the company’s stock after selling 29,677 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in JPMorgan Municipal ETF were worth $1,815,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. D Orazio & Associates Inc. boosted its stake in JPMorgan Municipal ETF by 25.2% in the fourth quarter. D Orazio & Associates Inc. now owns 6,230 shares of the company’s stock valued at $312,000 after acquiring an additional 1,255 shares during the last quarter. Apollon Wealth Management LLC boosted its stake in JPMorgan Municipal ETF by 22.2% in the fourth quarter. Apollon Wealth Management LLC now owns 176,265 shares of the company’s stock valued at $8,840,000 after acquiring an additional 31,972 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in JPMorgan Municipal ETF in the fourth quarter valued at about $1,246,000. 1900 Wealth Management LLC boosted its stake in JPMorgan Municipal ETF by 17.0% in the fourth quarter. 1900 Wealth Management LLC now owns 244,485 shares of the company’s stock valued at $12,261,000 after acquiring an additional 35,603 shares during the last quarter. Finally, Private Wealth Management Group LLC purchased a new position in JPMorgan Municipal ETF in the fourth quarter valued at about $673,000.

JPMorgan Municipal ETF Trading Up 1.2 %

JMUB opened at $50.38 on Wednesday. The stock has a market capitalization of $1.40 billion, a PE ratio of 10.22 and a beta of 0.08. The company has a fifty day moving average of $50.33 and a 200-day moving average of $50.66.

JPMorgan Municipal ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were paid a $0.1299 dividend. The ex-dividend date was Monday, February 3rd.

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.