Truist Financial Corp Cuts Position in JPMorgan Municipal ETF (BATS:JMUB)

Truist Financial Corp lessened its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 325,824 shares of the company’s stock after selling 34,950 shares during the quarter. Truist Financial Corp’s holdings in JPMorgan Municipal ETF were worth $16,340,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sanctuary Advisors LLC grew its holdings in JPMorgan Municipal ETF by 16.7% in the fourth quarter. Sanctuary Advisors LLC now owns 10,610 shares of the company’s stock worth $535,000 after purchasing an additional 1,516 shares during the period. Allworth Financial LP purchased a new stake in JPMorgan Municipal ETF in the fourth quarter worth about $77,000. Principal Securities Inc. grew its holdings in JPMorgan Municipal ETF by 9.7% in the fourth quarter. Principal Securities Inc. now owns 54,635 shares of the company’s stock worth $2,740,000 after purchasing an additional 4,833 shares during the period. Vicus Capital lifted its stake in shares of JPMorgan Municipal ETF by 1.1% in the fourth quarter. Vicus Capital now owns 69,318 shares of the company’s stock worth $3,476,000 after buying an additional 783 shares in the last quarter. Finally, Walkner Condon Financial Advisors LLC lifted its stake in shares of JPMorgan Municipal ETF by 1.4% in the fourth quarter. Walkner Condon Financial Advisors LLC now owns 22,206 shares of the company’s stock worth $1,114,000 after buying an additional 313 shares in the last quarter.

JPMorgan Municipal ETF Trading Up 1.1 %

Shares of BATS JMUB opened at $50.34 on Thursday. The business has a 50-day moving average price of $50.26 and a 200 day moving average price of $50.64. The company has a market capitalization of $1.40 billion, a P/E ratio of 10.19 and a beta of 0.08.

JPMorgan Municipal ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were paid a $0.1299 dividend. The ex-dividend date was Monday, February 3rd.

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.