Breakwater Capital Group Acquires 12,428 Shares of JPMorgan Municipal ETF $JMUB

Breakwater Capital Group increased its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 29.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 54,295 shares of the company’s stock after purchasing an additional 12,428 shares during the period. Breakwater Capital Group owned approximately 0.09% of JPMorgan Municipal ETF worth $2,742,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its stake in JPMorgan Municipal ETF by 12.1% in the first quarter. Royal Bank of Canada now owns 100,198 shares of the company’s stock worth $5,010,000 after purchasing an additional 10,823 shares during the last quarter. AQR Capital Management LLC boosted its position in JPMorgan Municipal ETF by 37.4% during the first quarter. AQR Capital Management LLC now owns 10,756 shares of the company’s stock valued at $538,000 after buying an additional 2,927 shares during the period. Creative Planning bought a new position in shares of JPMorgan Municipal ETF during the second quarter valued at about $489,000. JPMorgan Chase & Co. grew its stake in shares of JPMorgan Municipal ETF by 9.1% during the second quarter. JPMorgan Chase & Co. now owns 552,609 shares of the company’s stock valued at $27,432,000 after buying an additional 45,987 shares during the last quarter. Finally, Forum Private Client Group LLC increased its holdings in shares of JPMorgan Municipal ETF by 14.1% in the second quarter. Forum Private Client Group LLC now owns 16,896 shares of the company’s stock worth $839,000 after buying an additional 2,088 shares during the period.

JPMorgan Municipal ETF Trading Down 0.7%

BATS JMUB opened at $50.06 on Monday. JPMorgan Municipal ETF has a 1-year low of $47.95 and a 1-year high of $51.34. The stock has a 50-day moving average of $50.82 and a 200-day moving average of $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 business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a dividend of $0.1538 per share. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, March 2nd. This is a positive change from JPMorgan Municipal ETF’s previous monthly dividend of $0.14.

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.