Amplius Wealth Advisors LLC Increases Stake in JPMorgan Municipal ETF $JMUB

Amplius Wealth Advisors LLC boosted its stake in JPMorgan Municipal ETF (BATS:JMUB) by 27.4% in the third quarter, Holdings Channel.com reports. The firm owned 297,515 shares of the company’s stock after acquiring an additional 64,042 shares during the quarter. JPMorgan Municipal ETF comprises about 1.3% of Amplius Wealth Advisors LLC’s portfolio, making the stock its 19th largest position. Amplius Wealth Advisors LLC’s holdings in JPMorgan Municipal ETF were worth $15,016,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ST Germain D J Co. Inc. acquired a new position in shares of JPMorgan Municipal ETF in the 2nd quarter valued at $25,000. Financial Gravity Companies Inc. purchased a new position in shares of JPMorgan Municipal ETF in the 2nd quarter worth $28,000. Briaud Financial Planning Inc purchased a new position in shares of JPMorgan Municipal ETF in the 2nd quarter worth $48,000. Abound Wealth Management acquired a new position in JPMorgan Municipal ETF in the second quarter valued at $78,000. Finally, Cape Investment Advisory Inc. grew its position in JPMorgan Municipal ETF by 698.2% during the second quarter. Cape Investment Advisory Inc. now owns 1,740 shares of the company’s stock valued at $86,000 after acquiring an additional 1,522 shares during the period.

JPMorgan Municipal ETF Price Performance

Shares of BATS:JMUB opened at $50.52 on Friday. The business has a 50-day moving average of $50.62 and a two-hundred day moving average of $50.09. The firm has a market capitalization of $3.10 billion, a PE 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 $51.31.

JPMorgan Municipal ETF Cuts Dividend

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

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.