Lockerman Financial Group Inc. Invests $999,000 in JPMorgan Municipal ETF $JMUB

Lockerman Financial Group Inc. bought a new stake in JPMorgan Municipal ETF (BATS:JMUB) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 19,774 shares of the company’s stock, valued at approximately $999,000. JPMorgan Municipal ETF accounts for 1.9% of Lockerman Financial Group Inc.’s holdings, making the stock its 13th largest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in JPMorgan Municipal ETF by 12.1% in the first quarter. Royal Bank of Canada now owns 100,198 shares of the company’s stock valued at $5,010,000 after acquiring an additional 10,823 shares during the period. AQR Capital Management LLC increased its holdings in shares of JPMorgan Municipal ETF by 37.4% during the first quarter. AQR Capital Management LLC now owns 10,756 shares of the company’s stock valued at $538,000 after acquiring an additional 2,927 shares in the last quarter. Beacon Pointe Advisors LLC raised its position in shares of JPMorgan Municipal ETF by 2.0% during the second quarter. Beacon Pointe Advisors LLC now owns 22,699 shares of the company’s stock worth $1,127,000 after purchasing an additional 451 shares during the period. StoneX Group Inc. raised its position in shares of JPMorgan Municipal ETF by 363.4% during the second quarter. StoneX Group Inc. now owns 28,136 shares of the company’s stock worth $1,397,000 after purchasing an additional 22,064 shares during the period. Finally, Per Stirling Capital Management LLC. lifted its holdings in shares of JPMorgan Municipal ETF by 68.9% in the 2nd quarter. Per Stirling Capital Management LLC. now owns 112,501 shares of the company’s stock worth $5,585,000 after purchasing an additional 45,895 shares in the last quarter.

JPMorgan Municipal ETF Stock Performance

BATS JMUB opened at $50.12 on Monday. The company has a fifty day simple moving average of $50.67 and a 200 day simple moving average of $50.63. JPMorgan Municipal ETF has a 12-month low of $47.95 and a 12-month 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 disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were paid a $0.1538 dividend. 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. The ex-dividend date of this dividend was Monday, March 2nd.

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.