New Insight Wealth Advisors Invests $1.17 Million in JPMorgan Municipal ETF $JMUB

New Insight Wealth Advisors bought a new position in JPMorgan Municipal ETF (BATS:JMUBFree Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 23,168 shares of the company’s stock, valued at approximately $1,169,000.

Other large investors have also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. bought a new position in shares of JPMorgan Municipal ETF in the second quarter valued at $25,000. Financial Gravity Companies Inc. bought a new stake in shares of JPMorgan Municipal ETF during the 2nd quarter worth $28,000. Briaud Financial Planning Inc acquired a new position in shares of JPMorgan Municipal ETF in the 2nd quarter worth $48,000. Abound Wealth Management acquired a new stake in shares of JPMorgan Municipal ETF during the second quarter worth $78,000. Finally, Cape Investment Advisory Inc. raised its position in shares of 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 purchasing an additional 1,522 shares during the period.

JPMorgan Municipal ETF Trading Up 2.0%

Shares of JMUB opened at $50.80 on Friday. The business’s 50-day moving average price is $50.63 and its 200 day moving average price is $50.19. The stock has a market capitalization of $3.12 billion, a P/E ratio of 9.96 and a beta of 0.21. 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 company also recently declared a monthly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Tuesday, October 21st were issued a dividend of $0.1214 per share. The ex-dividend date was Tuesday, October 21st. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%.

About JPMorgan Municipal ETF

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for JPMorgan Municipal ETF (BATS:JMUB)

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