Assetmark Inc. Buys 30,118 Shares of JPMorgan Municipal ETF $JMUB

Assetmark Inc. raised its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 31.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 127,296 shares of the company’s stock after buying an additional 30,118 shares during the quarter. Assetmark Inc.’s holdings in JPMorgan Municipal ETF were worth $6,425,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Avantax Advisory Services Inc. grew its holdings in JPMorgan Municipal ETF by 2,438.3% during the second quarter. Avantax Advisory Services Inc. now owns 897,843 shares of the company’s stock valued at $44,569,000 after purchasing an additional 862,471 shares during the period. Bank of America Corp DE raised its holdings in JPMorgan Municipal ETF by 152.3% in the second quarter. Bank of America Corp DE now owns 1,101,672 shares of the company’s stock worth $54,687,000 after purchasing an additional 665,100 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of 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 purchasing an additional 641,736 shares in the last quarter. Avantax Planning Partners Inc. increased its position in shares of JPMorgan Municipal ETF by 88.8% in the 3rd quarter. Avantax Planning Partners Inc. now owns 1,160,184 shares of the company’s stock valued at $58,554,000 after buying an additional 545,783 shares in the last quarter. Finally, Lebenthal Global Advisors LLC bought a new stake in shares of JPMorgan Municipal ETF in the 3rd quarter valued at $23,839,000.

JPMorgan Municipal ETF Trading Up 0.1%

Shares of JPMorgan Municipal ETF stock opened at $51.05 on Tuesday. The stock’s fifty day simple moving average is $50.70 and its 200 day simple moving average is $50.41. The company has a market capitalization of $3.13 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 $51.11.

JPMorgan Municipal ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were given a dividend of $0.1414 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%.

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.