Baker Tilly Wealth Management LLC Has $6.68 Million Stock Position in JPMorgan Municipal ETF $JMUB

Baker Tilly Wealth Management LLC increased its stake in JPMorgan Municipal ETF (BATS:JMUB) by 18.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 132,350 shares of the company’s stock after purchasing an additional 20,192 shares during the period. JPMorgan Municipal ETF makes up 1.6% of Baker Tilly Wealth Management LLC’s holdings, making the stock its 15th biggest holding. Baker Tilly Wealth Management LLC owned 0.22% of JPMorgan Municipal ETF worth $6,684,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its position in shares of 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 valued at $161,951,000 after buying an additional 826,847 shares in the last quarter. Meeder Advisory Services Inc. boosted its position in shares of JPMorgan Municipal ETF by 7.9% during 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 boosted its position in shares of JPMorgan Municipal ETF by 7.0% during 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. increased its stake in JPMorgan Municipal ETF by 43.7% in the third quarter. Ameriprise Financial Inc. now owns 2,246,619 shares of the company’s stock valued at $113,284,000 after acquiring an additional 683,129 shares during the last quarter. Finally, Raymond James Financial Inc. increased its stake in JPMorgan Municipal ETF by 16.0% in the second 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 Price Performance

Shares of JMUB opened at $50.06 on Monday. The firm has a 50 day simple moving average of $50.82 and a two-hundred day simple moving average of $50.64. JPMorgan Municipal ETF has a one year low of $47.95 and a one year high of $51.34. The company has a market cap of $3.07 billion, a P/E ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Increases Dividend

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

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.