World Equity Group Inc. Buys New Shares in JPMorgan Municipal ETF (BATS:JMUB)

World Equity Group Inc. bought a new stake in JPMorgan Municipal ETF (BATS:JMUB) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,192 shares of the company’s stock, valued at approximately $361,000.

A number of other hedge funds have also added to or reduced their stakes in JMUB. Private Advisor Group LLC grew its position in JPMorgan Municipal ETF by 5.0% in the third quarter. Private Advisor Group LLC now owns 87,635 shares of the company’s stock valued at $4,493,000 after purchasing an additional 4,181 shares in the last quarter. Arkadios Wealth Advisors grew its position in shares of JPMorgan Municipal ETF by 8.3% in the 3rd quarter. Arkadios Wealth Advisors now owns 13,660 shares of the company’s stock valued at $700,000 after acquiring an additional 1,052 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of JPMorgan Municipal ETF by 5.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 768,550 shares of the company’s stock valued at $39,404,000 after acquiring an additional 38,001 shares during the period. Kooman & Associates grew its position in shares of JPMorgan Municipal ETF by 1.6% in the 3rd quarter. Kooman & Associates now owns 32,321 shares of the company’s stock valued at $1,657,000 after acquiring an additional 495 shares during the period. Finally, OMNI 360 Wealth Inc. bought a new position in shares of JPMorgan Municipal ETF in the 3rd quarter valued at about $235,000.

JPMorgan Municipal ETF Trading Up 1.3 %

Shares of JMUB opened at $50.47 on Monday. The company has a 50 day moving average price of $50.24 and a 200-day moving average price of $50.63. The company has a market cap of $1.40 billion, a P/E ratio of 10.19 and a beta of 0.08.

JPMorgan Municipal ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were given a $0.1299 dividend. The ex-dividend date was Monday, February 3rd.

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.