JPMorgan Municipal ETF $JMUB Holdings Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 40.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 773,877 shares of the company’s stock after acquiring an additional 221,268 shares during the quarter. JPMorgan Chase & Co.’s holdings in JPMorgan Municipal ETF were worth $39,058,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in 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 worth $161,951,000 after purchasing an additional 826,847 shares during the period. Meeder Advisory Services Inc. raised its holdings in shares of JPMorgan Municipal ETF by 7.9% during the third quarter. Meeder Advisory Services Inc. now owns 2,940,215 shares of the company’s stock worth $148,393,000 after purchasing an additional 214,112 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings 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 during the period. Ameriprise Financial Inc. raised its holdings in shares of JPMorgan Municipal ETF by 43.7% during the third quarter. Ameriprise Financial Inc. now owns 2,246,619 shares of the company’s stock worth $113,284,000 after purchasing an additional 683,129 shares during the period. Finally, Raymond James Financial Inc. raised its holdings in shares of JPMorgan Municipal ETF by 16.0% during the second quarter. Raymond James Financial Inc. now owns 1,763,230 shares of the company’s stock worth $87,527,000 after purchasing an additional 243,751 shares during the period.

JPMorgan Municipal ETF Stock Performance

JPMorgan Municipal ETF stock opened at $50.06 on Friday. JPMorgan Municipal ETF has a 1 year low of $47.95 and a 1 year high of $51.34. The firm’s 50-day moving average is $50.82 and its 200-day moving average is $50.64. 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 announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a $0.1538 dividend. This is an increase 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%. The ex-dividend date of this dividend was Monday, March 2nd.

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.