AllGen Financial Advisors Inc. Raises Holdings in JPMorgan Municipal ETF $JMUB

AllGen Financial Advisors Inc. grew its stake in JPMorgan Municipal ETF (BATS:JMUB) by 8.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250,340 shares of the company’s stock after acquiring an additional 19,149 shares during the period. JPMorgan Municipal ETF accounts for 3.0% of AllGen Financial Advisors Inc.’s holdings, making the stock its 9th biggest holding. AllGen Financial Advisors Inc. owned about 0.41% of JPMorgan Municipal ETF worth $12,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its stake in JPMorgan Municipal ETF by 34.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,208,854 shares of the company’s stock worth $161,951,000 after acquiring an additional 826,847 shares in the last quarter. Meeder Advisory Services Inc. grew its stake in JPMorgan Municipal ETF by 7.9% in the 3rd quarter. Meeder Advisory Services Inc. now owns 2,940,215 shares of the company’s stock worth $148,393,000 after acquiring an additional 214,112 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in JPMorgan Municipal ETF by 7.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,717,626 shares of the company’s stock worth $137,566,000 after acquiring an additional 176,736 shares in the last quarter. Ameriprise Financial Inc. grew its stake in JPMorgan Municipal ETF by 43.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,246,619 shares of the company’s stock worth $113,284,000 after acquiring an additional 683,129 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in 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 worth $87,527,000 after acquiring an additional 243,751 shares in the last quarter.

JPMorgan Municipal ETF Price Performance

Shares of JMUB stock opened at $50.23 on Thursday. The company’s 50-day simple moving average is $50.63 and its two-hundred day simple moving average is $50.62. JPMorgan Municipal ETF has a one year low of $47.95 and a one year high of $51.34. The company has a market capitalization of $3.08 billion, a P/E ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.1538 per share. This is a boost from JPMorgan Municipal ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, March 2nd.

JPMorgan Municipal ETF Company 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.