GGM Financials LLC Sells 6,500 Shares of JPMorgan Municipal ETF $JMUB

GGM Financials LLC reduced its position in JPMorgan Municipal ETF (BATS:JMUB) by 47.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,110 shares of the company’s stock after selling 6,500 shares during the quarter. GGM Financials LLC’s holdings in JPMorgan Municipal ETF were worth $353,000 at the end of the most recent quarter.

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

JPMorgan Municipal ETF Price Performance

Shares of JMUB stock opened at $50.72 on Tuesday. The stock has a market cap of $3.11 billion, a P/E ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a one year low of $47.95 and a one year high of $51.31. The stock has a fifty day moving average price of $50.22 and a 200 day moving average price of $49.66.

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 $0.1214 dividend. The ex-dividend date was Tuesday, October 21st. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%.

JPMorgan Municipal ETF Profile

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.