Envestnet Asset Management Inc. Sells 9,983 Shares of JPMorgan Municipal ETF $JMUB

Envestnet Asset Management Inc. trimmed its stake in JPMorgan Municipal ETF (BATS:JMUB) by 0.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,049,817 shares of the company’s stock after selling 9,983 shares during the quarter. Envestnet Asset Management Inc. owned 1.71% of JPMorgan Municipal ETF worth $52,984,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Financial Gravity Companies Inc. bought a new position in JPMorgan Municipal ETF in the 2nd quarter worth about $28,000. Briaud Financial Planning Inc bought a new stake in shares of JPMorgan Municipal ETF during the second quarter valued at approximately $48,000. Archer Investment Corp purchased a new position in JPMorgan Municipal ETF in the 3rd quarter worth approximately $58,000. Cape Investment Advisory Inc. lifted its position in JPMorgan Municipal ETF by 698.2% in the 2nd quarter. Cape Investment Advisory Inc. now owns 1,740 shares of the company’s stock valued at $86,000 after acquiring an additional 1,522 shares in the last quarter. Finally, AE Wealth Management LLC boosted its stake in JPMorgan Municipal ETF by 49.9% during the 3rd quarter. AE Wealth Management LLC now owns 1,889 shares of the company’s stock valued at $95,000 after purchasing an additional 629 shares during the last quarter.

JPMorgan Municipal ETF Trading Up 0.1%

JPMorgan Municipal ETF stock opened at $50.90 on Tuesday. JPMorgan Municipal ETF has a 12 month low of $47.95 and a 12 month high of $50.92. The stock has a fifty day simple moving average of $50.66 and a two-hundred day simple moving average of $50.35. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were given a $0.1414 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 3.3%.

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.