Aspen Wealth Management LLC Increases Stake in JPMorgan Municipal ETF $JMUB

Aspen Wealth Management LLC increased its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 10.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 355,918 shares of the company’s stock after purchasing an additional 34,931 shares during the quarter. JPMorgan Municipal ETF makes up about 3.8% of Aspen Wealth Management LLC’s portfolio, making the stock its 9th largest holding. Aspen Wealth Management LLC owned about 0.58% of JPMorgan Municipal ETF worth $17,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its position in JPMorgan Municipal ETF by 34.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,208,854 shares of the company’s stock valued at $161,951,000 after buying an additional 826,847 shares in the last quarter. Meeder Advisory Services Inc. grew its stake in shares of JPMorgan Municipal ETF by 7.9% during the third quarter. Meeder Advisory Services Inc. now owns 2,940,215 shares of the company’s stock worth $148,393,000 after buying an additional 214,112 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of JPMorgan Municipal ETF by 33.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,540,890 shares of the company’s stock worth $128,035,000 after buying an additional 641,736 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of JPMorgan Municipal ETF by 43.7% during the third quarter. Ameriprise Financial Inc. now owns 2,246,619 shares of the company’s stock worth $113,284,000 after buying an additional 683,129 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of JPMorgan Municipal ETF by 16.0% in the 2nd quarter. Raymond James Financial Inc. now owns 1,763,230 shares of the company’s stock valued at $87,527,000 after acquiring an additional 243,751 shares during the last quarter.

JPMorgan Municipal ETF Stock Down 0.1%

BATS JMUB opened at $50.43 on Friday. JPMorgan Municipal ETF has a twelve month low of $47.95 and a twelve month high of $51.34. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The business’s fifty day moving average is $50.84 and its 200 day moving average is $50.62.

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 given a $0.1538 dividend. This is a boost from JPMorgan Municipal ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date 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.