Park Avenue Securities LLC Has $3.90 Million Holdings in JPMorgan Municipal ETF $JMUB

Park Avenue Securities LLC raised its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 146.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,193 shares of the company’s stock after acquiring an additional 45,859 shares during the period. Park Avenue Securities LLC owned approximately 0.13% of JPMorgan Municipal ETF worth $3,898,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in JMUB. Daymark Wealth Partners LLC increased its stake in shares of JPMorgan Municipal ETF by 0.6% during the third quarter. Daymark Wealth Partners LLC now owns 38,347 shares of the company’s stock worth $1,935,000 after purchasing an additional 228 shares during the period. Fifth Third Securities Inc. boosted its stake in JPMorgan Municipal ETF by 3.2% in the 3rd quarter. Fifth Third Securities Inc. now owns 7,561 shares of the company’s stock valued at $382,000 after purchasing an additional 231 shares during the period. Axis Wealth Partners LLC grew its holdings in JPMorgan Municipal ETF by 4.4% in the 3rd quarter. Axis Wealth Partners LLC now owns 7,172 shares of the company’s stock valued at $362,000 after buying an additional 300 shares in the last quarter. Sagespring Wealth Partners LLC grew its holdings in JPMorgan Municipal ETF by 1.3% in the 3rd quarter. Sagespring Wealth Partners LLC now owns 25,781 shares of the company’s stock valued at $1,301,000 after buying an additional 319 shares in the last quarter. Finally, 49 Wealth Management LLC increased its position in JPMorgan Municipal ETF by 1.3% during the 3rd quarter. 49 Wealth Management LLC now owns 26,244 shares of the company’s stock worth $1,325,000 after buying an additional 329 shares during the period.

JPMorgan Municipal ETF Price Performance

JMUB stock opened at $50.06 on Monday. JPMorgan Municipal ETF has a fifty-two week low of $47.95 and a fifty-two week high of $51.34. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The business’s fifty day moving average price is $50.82 and its two-hundred day moving average price is $50.64.

JPMorgan Municipal ETF Increases Dividend

The firm 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 is a positive change from JPMorgan Municipal ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis 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.