JPMorgan Municipal ETF $JMUB Position Raised by 1900 Wealth Management LLC

1900 Wealth Management LLC increased its position in JPMorgan Municipal ETF (BATS:JMUB) by 6.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,246,876 shares of the company’s stock after acquiring an additional 72,713 shares during the period. JPMorgan Municipal ETF makes up about 4.0% of 1900 Wealth Management LLC’s portfolio, making the stock its 4th biggest holding. 1900 Wealth Management LLC owned about 2.03% of JPMorgan Municipal ETF worth $63,014,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JMUB. Aspen Wealth Management LLC lifted its holdings in shares of JPMorgan Municipal ETF by 10.9% in the 4th quarter. Aspen Wealth Management LLC now owns 355,918 shares of the company’s stock valued at $17,974,000 after buying an additional 34,931 shares during the period. Breakwater Capital Group grew its holdings in JPMorgan Municipal ETF by 29.7% during the fourth quarter. Breakwater Capital Group now owns 54,295 shares of the company’s stock worth $2,742,000 after acquiring an additional 12,428 shares during the period. Cyndeo Wealth Partners LLC acquired a new stake in JPMorgan Municipal ETF during the fourth quarter worth about $1,929,000. Daymark Wealth Partners LLC raised its position in JPMorgan Municipal ETF by 45.4% during the fourth quarter. Daymark Wealth Partners LLC now owns 55,751 shares of the company’s stock valued at $2,815,000 after acquiring an additional 17,404 shares in the last quarter. Finally, Baron Silver Stevens Financial Advisors LLC raised its position in JPMorgan Municipal ETF by 33.7% during the third quarter. Baron Silver Stevens Financial Advisors LLC now owns 195,290 shares of the company’s stock valued at $9,856,000 after acquiring an additional 49,188 shares in the last quarter.

JPMorgan Municipal ETF Stock Performance

Shares of BATS:JMUB opened at $50.12 on Friday. JPMorgan Municipal ETF has a 12-month low of $47.95 and a 12-month high of $51.34. The business has a 50 day moving average of $50.67 and a two-hundred day moving average of $50.63. The company has a market capitalization of $3.07 billion, a PE ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Increases Dividend

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