Cedar Point Capital Partners LLC Reduces Stock Position in JPMorgan Municipal ETF $JMUB

Cedar Point Capital Partners LLC lowered its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 6.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,886 shares of the company’s stock after selling 4,295 shares during the quarter. JPMorgan Municipal ETF accounts for 2.1% of Cedar Point Capital Partners LLC’s portfolio, making the stock its 15th biggest holding. Cedar Point Capital Partners LLC owned about 0.10% of JPMorgan Municipal ETF worth $3,022,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. LPL Financial LLC raised its position in JPMorgan Municipal ETF by 7.1% during the 1st quarter. LPL Financial LLC now owns 2,847,971 shares of the company’s stock valued at $142,399,000 after purchasing an additional 188,645 shares in the last quarter. Meeder Advisory Services Inc. bought a new stake in JPMorgan Municipal ETF during the 1st quarter valued at $126,587,000. Northwestern Mutual Wealth Management Co. raised its position in JPMorgan Municipal ETF by 9.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,199,520 shares of the company’s stock valued at $109,976,000 after purchasing an additional 190,891 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in JPMorgan Municipal ETF by 42.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,899,154 shares of the company’s stock valued at $94,037,000 after purchasing an additional 569,892 shares in the last quarter. Finally, Raymond James Financial Inc. raised its position in JPMorgan Municipal ETF by 20.5% during the 1st quarter. Raymond James Financial Inc. now owns 1,519,479 shares of the company’s stock valued at $75,974,000 after purchasing an additional 258,686 shares in the last quarter.

JPMorgan Municipal ETF Stock Up 1.8%

Shares of BATS JMUB opened at $50.71 on Wednesday. The firm has a market cap of $3.11 billion, a PE ratio of 9.96 and a beta of 0.21. The business has a fifty day simple moving average of $50.24 and a two-hundred day simple moving average of $49.67. JPMorgan Municipal ETF has a twelve month low of $47.95 and a twelve month high of $51.31.

JPMorgan Municipal ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, October 23rd. Investors of record on Tuesday, October 21st were issued a $0.1214 dividend. The ex-dividend date was Tuesday, October 21st. This represents a c) dividend on an annualized basis and a 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.