Hennion & Walsh Asset Management Inc. Sells 8,041 Shares of JPMorgan Municipal ETF (BATS:JMUB)

Posted by Samantha Reynolds on Jun 29th, 2024

Hennion & Walsh Asset Management Inc. trimmed its position in shares of JPMorgan Municipal ETF (BATS:JMUB – Free Report) by 15.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,563 shares of the company’s stock after selling 8,041 shares during the period. Hennion & Walsh Asset Management Inc. owned about 0.17% of JPMorgan Municipal ETF worth $2,210,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in JMUB. ICA Group Wealth Management LLC purchased a new stake in JPMorgan Municipal ETF in the 4th quarter valued at about $40,000. Hazlett Burt & Watson Inc. purchased a new stake in JPMorgan Municipal ETF in the 4th quarter valued at about $51,000. Carmichael Hill & Associates Inc. purchased a new stake in JPMorgan Municipal ETF in the 4th quarter valued at about $70,000. GoalVest Advisory LLC purchased a new stake in shares of JPMorgan Municipal ETF in the 1st quarter worth approximately $79,000. Finally, McIlrath & Eck LLC purchased a new stake in shares of JPMorgan Municipal ETF in the 3rd quarter worth approximately $102,000.

JPMorgan Municipal ETF Stock Down 0.2 %

Shares of JMUB traded down $0.09 during mid-day trading on Friday, hitting $50.38. The company’s stock had a trading volume of 221,505 shares. The company has a 50-day moving average price of $50.32 and a 200-day moving average price of $50.57. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, June 5th. Stockholders of record on Monday, June 3rd were given a $0.1497 dividend. The ex-dividend date was Monday, June 3rd. This is a boost from JPMorgan Municipal ETF’s previous dividend of $0.14.

About JPMorgan Municipal ETF

(Free Report)

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.