TBH Global Asset Management LLC Sells 313,740 Shares of JPMorgan Municipal ETF $JMUB

TBH Global Asset Management LLC lowered its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 91.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,536 shares of the company’s stock after selling 313,740 shares during the quarter. TBH Global Asset Management LLC’s holdings in JPMorgan Municipal ETF were worth $1,390,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. ST Germain D J Co. Inc. purchased a new stake in JPMorgan Municipal ETF during the second quarter valued at approximately $25,000. Financial Gravity Companies Inc. purchased a new position in shares of JPMorgan Municipal ETF during the 2nd quarter worth $28,000. Briaud Financial Planning Inc bought a new stake in shares of JPMorgan Municipal ETF during the 2nd quarter valued at $48,000. Abound Wealth Management purchased a new stake in shares of JPMorgan Municipal ETF in the 2nd quarter worth $78,000. Finally, Cape Investment Advisory Inc. increased its stake in shares of JPMorgan Municipal ETF by 698.2% in 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 in the last quarter.

JPMorgan Municipal ETF Stock Performance

BATS JMUB opened at $50.65 on Wednesday. The company has a market capitalization of $3.11 billion, a PE ratio of 9.96 and a beta of 0.21. The business’s fifty day moving average is $50.63 and its 200 day moving average is $50.08. JPMorgan Municipal ETF has a fifty-two week low of $47.95 and a fifty-two week 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 given a dividend of $0.1214 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, October 21st.

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.