Hartford Financial Management Inc. Acquires 67,369 Shares of JPMorgan Municipal ETF $JMUB

Hartford Financial Management Inc. lifted its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 33.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 269,279 shares of the company’s stock after acquiring an additional 67,369 shares during the period. JPMorgan Municipal ETF makes up approximately 3.5% of Hartford Financial Management Inc.’s investment portfolio, making the stock its 5th largest position. Hartford Financial Management Inc. owned about 0.44% of JPMorgan Municipal ETF worth $13,599,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of JMUB. Captrust Financial Advisors grew its stake in shares of JPMorgan Municipal ETF by 375.8% in the third quarter. Captrust Financial Advisors now owns 1,061,229 shares of the company’s stock valued at $53,560,000 after acquiring an additional 838,165 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of 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 in the last quarter. Ameriprise Financial Inc. grew its stake in shares of 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 in the last quarter. Bank of America Corp DE grew its stake in JPMorgan Municipal ETF by 152.3% during the second quarter. Bank of America Corp DE now owns 1,101,672 shares of the company’s stock worth $54,687,000 after buying an additional 665,100 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in JPMorgan Municipal ETF by 33.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,540,890 shares of the company’s stock worth $128,035,000 after buying an additional 641,736 shares in the last quarter.

JPMorgan Municipal ETF Stock Up 0.3%

Shares of JPMorgan Municipal ETF stock opened at $50.23 on Thursday. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 12-month low of $47.95 and a 12-month high of $51.34. The firm’s 50-day moving average price is $50.63 and its two-hundred day moving average price is $50.62.

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 paid a dividend of $0.1538 per share. The ex-dividend date 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.