MBM Wealth Consultants LLC Acquires 6,431 Shares of JPMorgan Municipal ETF $JMUB

MBM Wealth Consultants LLC boosted its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 21.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 36,708 shares of the company’s stock after purchasing an additional 6,431 shares during the quarter. MBM Wealth Consultants LLC’s holdings in JPMorgan Municipal ETF were worth $1,822,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. VestGen Advisors LLC lifted its holdings in shares of JPMorgan Municipal ETF by 49.6% during the second quarter. VestGen Advisors LLC now owns 74,850 shares of the company’s stock worth $3,697,000 after buying an additional 24,805 shares during the last quarter. Bernardo Wealth Planning LLC increased its position in JPMorgan Municipal ETF by 9.4% during the second quarter. Bernardo Wealth Planning LLC now owns 21,486 shares of the company’s stock worth $1,067,000 after acquiring an additional 1,848 shares during the period. Trustmark Bank Trust Department raised its stake in JPMorgan Municipal ETF by 12.1% during the 2nd quarter. Trustmark Bank Trust Department now owns 28,385 shares of the company’s stock valued at $1,409,000 after purchasing an additional 3,053 shares during the last quarter. Level Four Advisory Services LLC boosted its holdings in JPMorgan Municipal ETF by 53.1% in the 2nd quarter. Level Four Advisory Services LLC now owns 22,321 shares of the company’s stock valued at $1,108,000 after purchasing an additional 7,742 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in JPMorgan Municipal ETF by 8.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,382,007 shares of the company’s stock worth $118,243,000 after purchasing an additional 182,487 shares during the last quarter.

JPMorgan Municipal ETF Stock Performance

BATS:JMUB opened at $50.82 on Monday. The firm’s 50-day moving average is $50.60 and its 200-day moving average is $49.90. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 52-week low of $47.95 and a 52-week high of $51.31.

JPMorgan Municipal ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Tuesday, October 21st were issued a $0.1214 dividend. The ex-dividend date of this dividend was Tuesday, October 21st. This represents a c) annualized dividend and a 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.