49 Wealth Management LLC Sells 13,228 Shares of JPMorgan Municipal ETF (BATS:JMUB)

49 Wealth Management LLC lowered its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 2.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 473,205 shares of the company’s stock after selling 13,228 shares during the quarter. JPMorgan Municipal ETF accounts for about 5.1% of 49 Wealth Management LLC’s investment portfolio, making the stock its 5th biggest holding. 49 Wealth Management LLC’s holdings in JPMorgan Municipal ETF were worth $23,868,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Morningstar Investment Services LLC raised its holdings in JPMorgan Municipal ETF by 96.9% in the fourth quarter. Morningstar Investment Services LLC now owns 812,766 shares of the company’s stock worth $41,431,000 after purchasing an additional 399,905 shares during the period. Opal Wealth Advisors LLC bought a new stake in shares of JPMorgan Municipal ETF in the 4th quarter valued at $14,544,000. IAG Wealth Partners LLC acquired a new stake in JPMorgan Municipal ETF during the 4th quarter worth $14,524,000. Asio Capital LLC lifted its holdings in JPMorgan Municipal ETF by 229.4% during the first quarter. Asio Capital LLC now owns 367,674 shares of the company’s stock worth $18,656,000 after acquiring an additional 256,050 shares in the last quarter. Finally, Raymond James & Associates lifted its holdings in JPMorgan Municipal ETF by 1,931.9% during the fourth quarter. Raymond James & Associates now owns 227,334 shares of the company’s stock worth $11,585,000 after acquiring an additional 216,146 shares in the last quarter.

JPMorgan Municipal ETF Trading Up 0.1 %

BATS:JMUB traded up $0.03 on Friday, reaching $50.67. The company’s stock had a trading volume of 187,237 shares. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 10.22 and a beta of 0.08. The stock’s fifty day moving average price is $50.37 and its 200-day moving average price is $50.54.

JPMorgan Municipal ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, July 3rd. Investors of record on Monday, July 1st were given a $0.1482 dividend. The ex-dividend date of this dividend was Monday, July 1st.

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.