Newman Dignan & Sheerar Inc. Raises Holdings in JPMorgan Municipal ETF $JMUB

Newman Dignan & Sheerar Inc. increased its position in JPMorgan Municipal ETF (BATS:JMUB) by 16.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 116,905 shares of the company’s stock after purchasing an additional 16,329 shares during the period. JPMorgan Municipal ETF accounts for about 1.3% of Newman Dignan & Sheerar Inc.’s holdings, making the stock its 20th biggest holding. Newman Dignan & Sheerar Inc. owned 0.19% of JPMorgan Municipal ETF worth $5,900,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in JMUB. ST Germain D J Co. Inc. acquired a new position in JPMorgan Municipal ETF during the second quarter worth approximately $25,000. Financial Gravity Companies Inc. purchased a new position in shares of JPMorgan Municipal ETF during the second quarter worth approximately $28,000. Briaud Financial Planning Inc purchased a new position in shares of JPMorgan Municipal ETF during the second quarter worth approximately $48,000. Abound Wealth Management acquired a new position in shares of JPMorgan Municipal ETF in the 2nd quarter valued at $78,000. Finally, Cape Investment Advisory Inc. increased its holdings in shares of JPMorgan Municipal ETF by 698.2% in the 2nd quarter. Cape Investment Advisory Inc. now owns 1,740 shares of the company’s stock valued at $86,000 after acquiring an additional 1,522 shares during the period.

JPMorgan Municipal ETF Price Performance

Shares of BATS:JMUB opened at $50.56 on Friday. The stock has a market cap of $3.10 billion, a P/E ratio of 9.96 and a beta of 0.21. The firm has a fifty day moving average price of $50.63 and a 200 day moving average price of $50.01. JPMorgan Municipal ETF has a 1-year low of $47.95 and a 1-year high of $51.31.

JPMorgan Municipal ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Tuesday, October 21st were paid a dividend of $0.1214 per share. The ex-dividend date was Tuesday, October 21st. This represents a c) annualized dividend and a dividend yield of 2.9%.

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.