Harbor Group Inc. Acquires New Stake in JPMorgan Municipal ETF $JMUB

Harbor Group Inc. bought a new position in JPMorgan Municipal ETF (BATS:JMUB) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 32,976 shares of the company’s stock, valued at approximately $1,664,000.

A number of other large investors have also recently made changes to their positions in JMUB. Kestra Advisory Services LLC boosted its position in JPMorgan Municipal ETF by 9.4% in the 1st quarter. Kestra Advisory Services LLC now owns 78,973 shares of the company’s stock valued at $3,949,000 after buying an additional 6,787 shares during the period. Spire Wealth Management raised its stake in shares of JPMorgan Municipal ETF by 28,330.0% during the second quarter. Spire Wealth Management now owns 5,686 shares of the company’s stock valued at $282,000 after acquiring an additional 5,666 shares in the last quarter. Avantax Advisory Services Inc. raised its stake in shares of JPMorgan Municipal ETF by 2,438.3% during the second quarter. Avantax Advisory Services Inc. now owns 897,843 shares of the company’s stock valued at $44,569,000 after acquiring an additional 862,471 shares in the last quarter. Tortoise Investment Management LLC purchased a new stake in shares of JPMorgan Municipal ETF in the second quarter valued at approximately $14,521,000. Finally, Diversified Portfolios Inc. boosted its holdings in shares of JPMorgan Municipal ETF by 27.3% in the second quarter. Diversified Portfolios Inc. now owns 187,755 shares of the company’s stock valued at $9,320,000 after purchasing an additional 40,311 shares during the period.

JPMorgan Municipal ETF Stock Up 1.5%

JMUB opened at $50.56 on Monday. The stock’s fifty day moving average is $50.63 and its two-hundred day moving average is $50.02. The company has a market capitalization of $3.10 billion, a P/E 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. Stockholders of record on Tuesday, October 21st were paid a dividend of $0.1214 per share. The ex-dividend date was Tuesday, October 21st. This represents a c) annualized dividend and a dividend yield of 2.9%.

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.