CFO4Life Group LLC Increases Position in JPMorgan Municipal ETF (BATS:JMUB)

CFO4Life Group LLC lifted its position in JPMorgan Municipal ETF (BATS:JMUB) by 27.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 227,366 shares of the company’s stock after purchasing an additional 49,084 shares during the period. JPMorgan Municipal ETF comprises 2.1% of CFO4Life Group LLC’s portfolio, making the stock its 13th largest holding. CFO4Life Group LLC’s holdings in JPMorgan Municipal ETF were worth $11,537,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Connections Group Inc. boosted its position in shares of JPMorgan Municipal ETF by 1.7% during the first quarter. Financial Connections Group Inc. now owns 14,051 shares of the company’s stock worth $713,000 after acquiring an additional 235 shares during the last quarter. Mutual Advisors LLC boosted its position in shares of JPMorgan Municipal ETF by 29.2% during the first quarter. Mutual Advisors LLC now owns 52,846 shares of the company’s stock worth $2,681,000 after acquiring an additional 11,943 shares during the last quarter. RiverFront Investment Group LLC boosted its position in shares of JPMorgan Municipal ETF by 59.7% during the first quarter. RiverFront Investment Group LLC now owns 56,552 shares of the company’s stock worth $2,869,000 after acquiring an additional 21,134 shares during the last quarter. USAdvisors Wealth Management LLC boosted its position in shares of JPMorgan Municipal ETF by 6.7% during the first quarter. USAdvisors Wealth Management LLC now owns 7,781 shares of the company’s stock worth $395,000 after acquiring an additional 486 shares during the last quarter. Finally, Baron Silver Stevens Financial Advisors LLC boosted its position in shares of JPMorgan Municipal ETF by 20.1% during the first quarter. Baron Silver Stevens Financial Advisors LLC now owns 117,646 shares of the company’s stock worth $5,969,000 after acquiring an additional 19,683 shares during the last quarter.

JPMorgan Municipal ETF Trading Up 0.2 %

Shares of BATS:JMUB traded up $0.12 during midday trading on Friday, reaching $50.64. 186,989 shares of the company were exchanged. The company’s 50 day moving average is $50.36 and its two-hundred day moving average is $50.55. The firm has a market capitalization of $1.41 billion, a PE ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, July 3rd. Investors of record on Monday, July 1st were given a dividend of $0.1482 per share. The ex-dividend date was 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.