JPMorgan Municipal ETF $JMUB Shares Bought by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC grew its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 45.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 253,182 shares of the company’s stock after buying an additional 78,847 shares during the period. Chesley Taft & Associates LLC owned 0.41% of JPMorgan Municipal ETF worth $12,786,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in JMUB. Northwestern Mutual Wealth Management Co. boosted its holdings in JPMorgan Municipal ETF by 34.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,208,854 shares of the company’s stock valued at $161,951,000 after acquiring an additional 826,847 shares during the last quarter. Meeder Advisory Services Inc. grew its position in JPMorgan Municipal ETF by 7.9% during the third quarter. Meeder Advisory Services Inc. now owns 2,940,215 shares of the company’s stock valued at $148,393,000 after acquiring an additional 214,112 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in JPMorgan Municipal ETF by 7.0% during the fourth 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 during the last quarter. Ameriprise Financial Inc. increased its stake in JPMorgan Municipal ETF by 43.7% during the third 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 during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of 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 purchasing an additional 243,751 shares during the period.

JPMorgan Municipal ETF Price Performance

BATS JMUB opened at $49.87 on Friday. The business’s 50-day simple moving average is $50.74 and its 200-day simple moving average is $50.64. The firm has a market capitalization of $3.06 billion, a P/E ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 1-year low of $47.95 and a 1-year high of $51.34.

JPMorgan Municipal ETF Increases Dividend

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

About JPMorgan Municipal ETF

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.