JPMorgan Municipal ETF $JMUB Shares Sold by Lionshead Wealth Management LLC

Lionshead Wealth Management LLC trimmed its stake in JPMorgan Municipal ETF (BATS:JMUB) by 17.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 6,089 shares of the company’s stock after selling 1,259 shares during the quarter. Lionshead Wealth Management LLC’s holdings in JPMorgan Municipal ETF were worth $302,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. NFP Retirement Inc. lifted its position in JPMorgan Municipal ETF by 3.7% in the 2nd quarter. NFP Retirement Inc. now owns 39,498 shares of the company’s stock valued at $1,961,000 after purchasing an additional 1,403 shares during the last quarter. Diversified Portfolios Inc. grew its position in JPMorgan Municipal ETF by 27.3% in the 2nd quarter. Diversified Portfolios Inc. now owns 187,755 shares of the company’s stock worth $9,320,000 after purchasing an additional 40,311 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in shares of JPMorgan Municipal ETF by 12.2% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 23,015 shares of the company’s stock valued at $1,142,000 after purchasing an additional 2,500 shares during the period. Financial Gravity Companies Inc. bought a new stake in shares of JPMorgan Municipal ETF during the second quarter valued at approximately $28,000. Finally, Tortoise Investment Management LLC bought a new stake in shares of JPMorgan Municipal ETF during the second quarter valued at approximately $14,521,000.

JPMorgan Municipal ETF Price Performance

Shares of JMUB stock opened at $50.66 on Thursday. JPMorgan Municipal ETF has a 12-month low of $47.95 and a 12-month high of $51.31. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The business has a 50 day simple moving average of $50.57 and a 200 day simple moving average of $49.83.

JPMorgan Municipal ETF Cuts Dividend

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

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.