Baker Tilly Wealth Management LLC Has $5.66 Million Position in JPMorgan Municipal ETF $JMUB

Baker Tilly Wealth Management LLC boosted its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 14.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 112,158 shares of the company’s stock after buying an additional 13,929 shares during the period. JPMorgan Municipal ETF makes up about 1.3% of Baker Tilly Wealth Management LLC’s portfolio, making the stock its 21st largest position. Baker Tilly Wealth Management LLC owned approximately 0.18% of JPMorgan Municipal ETF worth $5,661,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. U.S. Capital Wealth Advisors LLC raised its holdings in shares of JPMorgan Municipal ETF by 2.4% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 8,707 shares of the company’s stock worth $432,000 after acquiring an additional 208 shares during the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of JPMorgan Municipal ETF by 1.0% during the second quarter. J.W. Cole Advisors Inc. now owns 25,132 shares of the company’s stock valued at $1,248,000 after buying an additional 258 shares during the last quarter. Perennial Advisors LLC boosted its position in shares of JPMorgan Municipal ETF by 2.5% during the second quarter. Perennial Advisors LLC now owns 12,175 shares of the company’s stock valued at $604,000 after buying an additional 300 shares during the last quarter. Madison Wealth Partners Inc grew its holdings in JPMorgan Municipal ETF by 5.3% during the second quarter. Madison Wealth Partners Inc now owns 6,749 shares of the company’s stock worth $335,000 after buying an additional 340 shares in the last quarter. Finally, Optima Capital LLC raised its position in JPMorgan Municipal ETF by 4.4% in the 2nd quarter. Optima Capital LLC now owns 8,410 shares of the company’s stock valued at $417,000 after buying an additional 355 shares during the last quarter.

JPMorgan Municipal ETF Price Performance

Shares of JMUB stock opened at $50.56 on Friday. The firm has a 50-day moving average of $50.63 and a 200-day moving average of $50.01. JPMorgan Municipal ETF has a one year low of $47.95 and a one year high of $51.31. The company has a market cap of $3.10 billion, a P/E ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Tuesday, October 21st were issued a $0.1214 dividend. The ex-dividend date of this dividend was Tuesday, October 21st. This represents a c) annualized dividend and a dividend yield of 2.9%.

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.