JPMorgan Municipal ETF (BATS:JMUB) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC reduced its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 14.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,430 shares of the company’s stock after selling 4,434 shares during the quarter. Sequoia Financial Advisors LLC owned about 0.09% of JPMorgan Municipal ETF worth $1,304,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of JMUB. Wealthcare Advisory Partners LLC lifted its holdings in shares of JPMorgan Municipal ETF by 372.5% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 26,251 shares of the company’s stock valued at $1,332,000 after buying an additional 20,695 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of JPMorgan Municipal ETF by 5.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 712,082 shares of the company’s stock valued at $36,131,000 after buying an additional 35,857 shares during the period. Chesley Taft & Associates LLC acquired a new stake in shares of JPMorgan Municipal ETF in the 1st quarter valued at approximately $349,000. Stephens Consulting LLC lifted its holdings in shares of JPMorgan Municipal ETF by 93.4% in the 1st quarter. Stephens Consulting LLC now owns 264,492 shares of the company’s stock valued at $13,420,000 after buying an additional 127,738 shares during the period. Finally, Skyline Advisors Inc. lifted its holdings in shares of JPMorgan Municipal ETF by 10.2% in the 1st quarter. Skyline Advisors Inc. now owns 185,661 shares of the company’s stock valued at $9,420,000 after buying an additional 17,217 shares during the period.

JPMorgan Municipal ETF Stock Up 0.1 %

JMUB opened at $50.43 on Friday. The company has a 50 day simple moving average of $50.99 and a 200 day simple moving average of $50.63. The firm has a market cap of $1.40 billion, a PE ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were paid a $0.1506 dividend. This is an increase from JPMorgan Municipal ETF’s previous dividend of $0.15. The ex-dividend date was Tuesday, September 3rd.

JPMorgan Municipal ETF Company 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.