Freedom Investment Management Inc. Lowers Holdings in JPMorgan Municipal ETF (BATS:JMUB)

Freedom Investment Management Inc. lowered its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,618 shares of the company’s stock after selling 2,350 shares during the quarter. Freedom Investment Management Inc. owned 0.24% of JPMorgan Municipal ETF worth $3,291,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Jane Street Group LLC boosted its position in shares of JPMorgan Municipal ETF by 95.9% during the 3rd quarter. Jane Street Group LLC now owns 30,946 shares of the company’s stock worth $1,587,000 after purchasing an additional 15,146 shares during the period. Pine Valley Investments Ltd Liability Co lifted its stake in JPMorgan Municipal ETF by 81.5% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 7,796 shares of the company’s stock worth $400,000 after purchasing an additional 3,500 shares in the last quarter. Sanctuary Advisors LLC boosted its position in shares of JPMorgan Municipal ETF by 33.3% during the third quarter. Sanctuary Advisors LLC now owns 9,094 shares of the company’s stock worth $460,000 after buying an additional 2,272 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of JPMorgan Municipal ETF in the fourth quarter valued at $518,000. Finally, Collective Family Office LLC raised its holdings in shares of JPMorgan Municipal ETF by 11.1% in the 4th quarter. Collective Family Office LLC now owns 504,584 shares of the company’s stock valued at $25,305,000 after buying an additional 50,451 shares during the period.

JPMorgan Municipal ETF Trading Down 1.2 %

JMUB opened at $49.22 on Friday. The stock’s 50-day moving average price is $49.98 and its 200 day moving average price is $50.33. JPMorgan Municipal ETF has a 12-month low of $47.95 and a 12-month high of $51.31. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 9.82 and a beta of 0.19.

JPMorgan Municipal ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were given a dividend of $0.1429 per share. The ex-dividend date was Monday, March 3rd. This is a boost from JPMorgan Municipal ETF’s previous dividend of $0.13.

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.