Baker Tilly Wealth Management LLC Has $6.68 Million Stock Holdings in JPMorgan Municipal ETF $JMUB

Baker Tilly Wealth Management LLC lifted its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 18.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 132,350 shares of the company’s stock after purchasing an additional 20,192 shares during the period. JPMorgan Municipal ETF comprises 1.6% of Baker Tilly Wealth Management LLC’s investment portfolio, making the stock its 15th largest holding. Baker Tilly Wealth Management LLC’s holdings in JPMorgan Municipal ETF were worth $6,684,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in JMUB. Goodman Advisory Group LLC bought a new position in JPMorgan Municipal ETF in the 3rd quarter valued at approximately $37,000. Franklin Resources Inc. bought a new stake in JPMorgan Municipal ETF during the 3rd quarter worth approximately $41,000. Archer Investment Corp acquired a new position in JPMorgan Municipal ETF in the 3rd quarter valued at approximately $58,000. Fifth Third Bancorp acquired a new position in JPMorgan Municipal ETF in the 3rd quarter valued at approximately $61,000. Finally, Imprint Wealth LLC bought a new position in shares of JPMorgan Municipal ETF during the third quarter valued at $63,000.

JPMorgan Municipal ETF Stock Performance

Shares of BATS:JMUB opened at $50.06 on Monday. The firm has a market cap of $3.07 billion, a PE ratio of 9.96 and a beta of 0.21. The firm’s fifty day moving average is $50.82 and its 200-day moving average is $50.64. JPMorgan Municipal ETF has a 52 week low of $47.95 and a 52 week high of $51.34.

JPMorgan Municipal ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a dividend of $0.1538 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 3.7%. This is an increase from JPMorgan Municipal ETF’s previous monthly dividend of $0.14.

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.