JPMorgan Municipal ETF (BATS:JMUB) Shares Sold by Pennsylvania Capital Management Inc. ADV

Pennsylvania Capital Management Inc. ADV lessened its position in JPMorgan Municipal ETF (BATS:JMUB) by 25.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,703 shares of the company’s stock after selling 4,580 shares during the period. Pennsylvania Capital Management Inc. ADV’s holdings in JPMorgan Municipal ETF were worth $687,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. LPL Financial LLC increased its holdings in shares of JPMorgan Municipal ETF by 18.7% during the third quarter. LPL Financial LLC now owns 2,506,748 shares of the company’s stock valued at $128,521,000 after purchasing an additional 394,199 shares during the period. Marcum Wealth LLC acquired a new position in JPMorgan Municipal ETF during the 4th quarter valued at about $16,720,000. Raymond James & Associates raised its position in shares of JPMorgan Municipal ETF by 40.1% during the 3rd quarter. Raymond James & Associates now owns 404,255 shares of the company’s stock worth $20,726,000 after buying an additional 115,690 shares in the last quarter. Magnus Financial Group LLC lifted its stake in shares of JPMorgan Municipal ETF by 48.6% in the 3rd quarter. Magnus Financial Group LLC now owns 322,192 shares of the company’s stock worth $16,519,000 after acquiring an additional 105,360 shares during the period. Finally, Mather Group LLC. bought a new position in shares of JPMorgan Municipal ETF in the third quarter valued at approximately $5,377,000.

JPMorgan Municipal ETF Stock Performance

Shares of BATS:JMUB opened at $50.31 on Tuesday. The business’s 50 day moving average price is $50.39 and its 200 day moving average price is $50.68. The company has a market capitalization of $1.40 billion, a PE ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd will be paid a $0.1299 dividend. The ex-dividend date is 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.