Captrust Financial Advisors Increases Position in JPMorgan Municipal ETF $JMUB

Captrust Financial Advisors lifted its stake in JPMorgan Municipal ETF (BATS:JMUB) by 375.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,061,229 shares of the company’s stock after purchasing an additional 838,165 shares during the period. Captrust Financial Advisors owned approximately 1.73% of JPMorgan Municipal ETF worth $53,560,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in JMUB. Advisory Services Network LLC increased its holdings in JPMorgan Municipal ETF by 63.6% in the third quarter. Advisory Services Network LLC now owns 32,435 shares of the company’s stock valued at $1,637,000 after buying an additional 12,613 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of JPMorgan Municipal ETF by 12.9% during the 3rd quarter. NewEdge Advisors LLC now owns 43,469 shares of the company’s stock valued at $2,194,000 after acquiring an additional 4,966 shares during the period. FMA Wealth Management LLC boosted its stake in shares of JPMorgan Municipal ETF by 4.3% during the 3rd quarter. FMA Wealth Management LLC now owns 71,600 shares of the company’s stock worth $3,614,000 after acquiring an additional 2,948 shares in the last quarter. American Trust acquired a new stake in shares of JPMorgan Municipal ETF in the 3rd quarter worth approximately $24,137,000. Finally, Equity Wealth Partners LLC acquired a new stake in shares of JPMorgan Municipal ETF in the 3rd quarter worth approximately $1,368,000.

JPMorgan Municipal ETF Price Performance

BATS JMUB opened at $50.47 on Thursday. JPMorgan Municipal ETF has a 1-year low of $47.95 and a 1-year high of $51.34. The company has a market capitalization of $3.10 billion, a P/E ratio of 9.96 and a beta of 0.21. The business has a 50 day moving average price of $50.84 and a 200 day moving average price of $50.63.

JPMorgan Municipal ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a $0.1538 dividend. This represents a c) annualized dividend and a yield of 3.7%. This is a positive change from JPMorgan Municipal ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Monday, March 2nd.

About JPMorgan Municipal ETF

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.