Betterment LLC Raises Holdings in JPMorgan Sustainable Municipal Income ETF $JMSI

Betterment LLC boosted its position in JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) by 19.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,360,487 shares of the company’s stock after purchasing an additional 225,859 shares during the quarter. Betterment LLC owned about 21.06% of JPMorgan Sustainable Municipal Income ETF worth $68,324,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rossby Financial LCC acquired a new stake in JPMorgan Sustainable Municipal Income ETF during the 3rd quarter worth $31,000. JPMorgan Chase & Co. lifted its stake in shares of JPMorgan Sustainable Municipal Income ETF by 40.3% in the third quarter. JPMorgan Chase & Co. now owns 901,902 shares of the company’s stock worth $45,294,000 after buying an additional 259,287 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of JPMorgan Sustainable Municipal Income ETF by 36.0% in the third quarter. Jones Financial Companies Lllp now owns 33,207 shares of the company’s stock worth $1,665,000 after buying an additional 8,793 shares in the last quarter. Modera Wealth Management LLC boosted its position in JPMorgan Sustainable Municipal Income ETF by 1.8% during the third quarter. Modera Wealth Management LLC now owns 71,513 shares of the company’s stock worth $3,591,000 after acquiring an additional 1,289 shares during the last quarter. Finally, Fairway Wealth LLC boosted its position in JPMorgan Sustainable Municipal Income ETF by 20.4% during the third quarter. Fairway Wealth LLC now owns 11,756 shares of the company’s stock worth $590,000 after acquiring an additional 1,988 shares during the last quarter.

JPMorgan Sustainable Municipal Income ETF Stock Down 0.4%

Shares of NYSEARCA JMSI opened at $50.23 on Friday. JPMorgan Sustainable Municipal Income ETF has a 12-month low of $47.72 and a 12-month high of $51.35. The company has a 50-day moving average of $50.72 and a 200 day moving average of $50.42.

JPMorgan Sustainable Municipal Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were issued a $0.1541 dividend. This is a boost from JPMorgan Sustainable Municipal Income ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, March 2nd.

About JPMorgan Sustainable Municipal Income ETF

The JPMorgan Sustainable Municipal Income ETF (JMSI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that primarily invests in sustainable municipal bonds exempt from federal income tax. The portfolio has an average weighted maturity of 3 to 15 years. JMSI was launched on Jul 14, 2023 and is issued by JPMorgan Chase.