Financial Strategies Group Inc. Boosts Stake in JPMorgan Municipal ETF (BATS:JMUB)

Financial Strategies Group Inc. increased its position in JPMorgan Municipal ETF (BATS:JMUB) by 9.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,234 shares of the company’s stock after purchasing an additional 975 shares during the quarter. Financial Strategies Group Inc.’s holdings in JPMorgan Municipal ETF were worth $560,000 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 the company. LPL Financial LLC grew its stake in shares of JPMorgan Municipal ETF by 18.7% in the third quarter. LPL Financial LLC now owns 2,506,748 shares of the company’s stock worth $128,521,000 after acquiring an additional 394,199 shares during the last quarter. Marcum Wealth LLC purchased a new stake in shares of JPMorgan Municipal ETF in the fourth quarter worth $16,720,000. Raymond James & Associates grew its stake in shares of JPMorgan Municipal ETF by 40.1% in the third quarter. Raymond James & Associates now owns 404,255 shares of the company’s stock worth $20,726,000 after acquiring an additional 115,690 shares during the last quarter. Magnus Financial Group LLC grew its stake in shares of JPMorgan Municipal ETF by 48.6% in the third 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 last quarter. Finally, Mather Group LLC. purchased a new stake in shares of JPMorgan Municipal ETF in the third quarter worth $5,377,000.

JPMorgan Municipal ETF Stock Performance

BATS JMUB opened at $50.36 on Monday. The stock has a market capitalization of $1.40 billion, a PE ratio of 10.22 and a beta of 0.08. The business has a 50 day moving average of $50.39 and a two-hundred day moving average of $50.68.

JPMorgan Municipal ETF Cuts Dividend

The business also recently announced 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 Company 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.