Magnus Financial Group LLC Has $13.02 Million Stake in JPMorgan Municipal ETF $JMUB

Magnus Financial Group LLC lowered its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 26.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 258,002 shares of the company’s stock after selling 91,107 shares during the quarter. JPMorgan Municipal ETF comprises 1.0% of Magnus Financial Group LLC’s portfolio, making the stock its 22nd largest holding. Magnus Financial Group LLC’s holdings in JPMorgan Municipal ETF were worth $13,021,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JMUB. ST Germain D J Co. Inc. bought a new stake in shares of JPMorgan Municipal ETF during the 2nd quarter worth $25,000. Financial Gravity Companies Inc. bought a new stake in JPMorgan Municipal ETF during the second quarter valued at about $28,000. Briaud Financial Planning Inc acquired a new stake in shares of JPMorgan Municipal ETF in the second quarter valued at about $48,000. Abound Wealth Management bought a new position in shares of JPMorgan Municipal ETF in the second quarter worth about $78,000. Finally, Cape Investment Advisory Inc. lifted its position in shares of JPMorgan Municipal ETF by 698.2% during the 2nd quarter. Cape Investment Advisory Inc. now owns 1,740 shares of the company’s stock worth $86,000 after purchasing an additional 1,522 shares during the last quarter.

JPMorgan Municipal ETF Stock Up 2.0%

Shares of BATS:JMUB opened at $50.82 on Thursday. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The business has a 50 day moving average price of $50.63 and a 200 day moving average price of $50.17. JPMorgan Municipal ETF has a twelve month low of $47.95 and a twelve month high of $51.31.

JPMorgan Municipal ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Tuesday, October 21st were paid a $0.1214 dividend. The ex-dividend date was Tuesday, October 21st. This represents a c) annualized dividend and a dividend yield of 2.9%.

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.