JPMorgan Municipal ETF $JMUB Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 40.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 773,877 shares of the company’s stock after buying an additional 221,268 shares during the quarter. JPMorgan Chase & Co. owned 1.26% of JPMorgan Municipal ETF worth $39,058,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in JMUB. Allworth Financial LP raised its holdings in JPMorgan Municipal ETF by 64.5% in the third quarter. Allworth Financial LP now owns 4,803 shares of the company’s stock valued at $242,000 after acquiring an additional 1,884 shares in the last quarter. IFP Advisors Inc boosted its stake in JPMorgan Municipal ETF by 15.1% during the 3rd quarter. IFP Advisors Inc now owns 16,979 shares of the company’s stock valued at $857,000 after acquiring an additional 2,228 shares during the last quarter. TD Capital Management LLC grew its holdings in JPMorgan Municipal ETF by 19.6% during the 3rd quarter. TD Capital Management LLC now owns 88,143 shares of the company’s stock worth $4,449,000 after acquiring an additional 14,472 shares in the last quarter. Centaurus Financial Inc. bought a new stake in shares of JPMorgan Municipal ETF in the 3rd quarter worth about $103,000. Finally, Captrust Financial Advisors increased its position in shares of JPMorgan Municipal ETF by 375.8% in the 3rd quarter. Captrust Financial Advisors now owns 1,061,229 shares of the company’s stock worth $53,560,000 after purchasing an additional 838,165 shares during the last quarter.

JPMorgan Municipal ETF Stock Performance

Shares of JPMorgan Municipal ETF stock opened at $50.06 on Friday. JPMorgan Municipal ETF has a 1 year low of $47.95 and a 1 year high of $51.34. The firm’s 50-day simple moving average is $50.82 and its 200-day simple moving average is $50.64. The firm has a market cap of $3.07 billion, a PE ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were issued a $0.1538 dividend. This is an increase 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 of this dividend was Monday, March 2nd.

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.