21 West Wealth Management LLC Has $7.57 Million Position in JPMorgan Municipal ETF $JMUB

21 West Wealth Management LLC boosted its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 7.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 149,803 shares of the company’s stock after acquiring an additional 10,492 shares during the quarter. JPMorgan Municipal ETF accounts for 6.9% of 21 West Wealth Management LLC’s portfolio, making the stock its 2nd biggest holding. 21 West Wealth Management LLC owned about 0.24% of JPMorgan Municipal ETF worth $7,565,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. FMA Wealth Management LLC increased its holdings in JPMorgan Municipal ETF by 1.7% during the fourth quarter. FMA Wealth Management LLC now owns 72,827 shares of the company’s stock valued at $3,678,000 after buying an additional 1,227 shares during the period. Westwood Wealth Management bought a new stake in JPMorgan Municipal ETF during the fourth quarter valued at about $350,000. PUREfi Wealth LLC bought a new stake in JPMorgan Municipal ETF during the fourth quarter valued at about $217,000. CVA Family Office LLC boosted its position in JPMorgan Municipal ETF by 6.7% during the fourth quarter. CVA Family Office LLC now owns 123,511 shares of the company’s stock valued at $6,237,000 after purchasing an additional 7,743 shares in the last quarter. Finally, Skyline Advisors Inc. grew its stake in JPMorgan Municipal ETF by 6.6% in the fourth quarter. Skyline Advisors Inc. now owns 140,862 shares of the company’s stock valued at $7,114,000 after purchasing an additional 8,737 shares during the last quarter.

JPMorgan Municipal ETF Stock Performance

Shares of JPMorgan Municipal ETF stock opened at $49.88 on Friday. The company has a market capitalization of $3.06 billion, a PE ratio of 9.96 and a beta of 0.21. The company has a 50-day simple moving average of $50.76 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.

JPMorgan Municipal ETF Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Monday, March 2nd. 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%.

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.