Farther Finance Advisors LLC Boosts Stake in JPMorgan Municipal ETF $JMUB

Farther Finance Advisors LLC boosted its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 86.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 28,104 shares of the company’s stock after buying an additional 13,021 shares during the quarter. Farther Finance Advisors LLC’s holdings in JPMorgan Municipal ETF were worth $1,418,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Avantax Advisory Services Inc. increased its position in JPMorgan Municipal ETF by 2,438.3% in the second quarter. Avantax Advisory Services Inc. now owns 897,843 shares of the company’s stock worth $44,569,000 after buying an additional 862,471 shares in the last quarter. Bank of America Corp DE increased its holdings in JPMorgan Municipal ETF by 152.3% in the 2nd quarter. Bank of America Corp DE now owns 1,101,672 shares of the company’s stock worth $54,687,000 after acquiring an additional 665,100 shares in the last quarter. G2 Capital Management LLC OH increased its holdings in JPMorgan Municipal ETF by 489.2% in the 2nd quarter. G2 Capital Management LLC OH now owns 695,217 shares of the company’s stock worth $34,511,000 after acquiring an additional 577,227 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in JPMorgan Municipal ETF by 42.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,899,154 shares of the company’s stock worth $94,037,000 after acquiring an additional 569,892 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in JPMorgan Municipal ETF by 40.0% during the second quarter. Ameriprise Financial Inc. now owns 1,563,490 shares of the company’s stock valued at $77,572,000 after purchasing an additional 447,054 shares in the last quarter.

JPMorgan Municipal ETF Price Performance

JMUB opened at $50.58 on Friday. The company has a 50 day simple moving average of $50.63 and a two-hundred day simple moving average of $50.06. The firm has a market cap of $3.10 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 $51.31.

JPMorgan Municipal ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, October 23rd. Investors of record on Tuesday, October 21st were issued a $0.1214 dividend. The ex-dividend date of this dividend was Tuesday, October 21st. This represents a c) annualized dividend and a yield of 2.9%.

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.