Financial Strategies Group Inc. Buys 4,613 Shares of JPMorgan Municipal ETF (BATS:JMUB)

Financial Strategies Group Inc. increased its stake in JPMorgan Municipal ETF (BATS:JMUB) by 76.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,611 shares of the company’s stock after purchasing an additional 4,613 shares during the period. Financial Strategies Group Inc.’s holdings in JPMorgan Municipal ETF were worth $534,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Skyline Advisors Inc. grew its position in shares of JPMorgan Municipal ETF by 10.2% during the 1st quarter. Skyline Advisors Inc. now owns 185,661 shares of the company’s stock worth $9,420,000 after buying an additional 17,217 shares during the period. Stephens Consulting LLC raised its position in shares of JPMorgan Municipal ETF by 93.4% during the 1st quarter. Stephens Consulting LLC now owns 264,492 shares of the company’s stock valued at $13,420,000 after acquiring an additional 127,738 shares during the last quarter. Asio Capital LLC lifted its stake in shares of JPMorgan Municipal ETF by 229.4% in the 1st quarter. Asio Capital LLC now owns 367,674 shares of the company’s stock valued at $18,656,000 after purchasing an additional 256,050 shares during the period. Chesley Taft & Associates LLC bought a new position in shares of JPMorgan Municipal ETF in the 1st quarter worth $349,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of JPMorgan Municipal ETF by 5.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 712,082 shares of the company’s stock worth $36,131,000 after purchasing an additional 35,857 shares during the period.

JPMorgan Municipal ETF Trading Down 0.2 %

BATS:JMUB traded down $0.08 during mid-day trading on Tuesday, hitting $50.15. The company had a trading volume of 223,691 shares. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 10.22 and a beta of 0.08. The company has a fifty day moving average price of $50.31 and a two-hundred day moving average price of $50.57.

JPMorgan Municipal ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, July 3rd. Investors of record on Monday, July 1st will be paid a dividend of $0.1482 per share. The ex-dividend date of this dividend is Monday, July 1st.

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.