Centerline Wealth Advisors LLC Makes New $769,000 Investment in JPMorgan Municipal ETF $JMUB

Centerline Wealth Advisors LLC bought a new position in JPMorgan Municipal ETF (BATS:JMUB) in the fourth quarter, HoldingsChannel.com reports. The fund bought 15,218 shares of the company’s stock, valued at approximately $769,000.

A number of other large investors also recently modified their holdings of JMUB. Aspen Wealth Management LLC raised its position in JPMorgan Municipal ETF by 10.9% in the 4th quarter. Aspen Wealth Management LLC now owns 355,918 shares of the company’s stock worth $17,974,000 after purchasing an additional 34,931 shares during the last quarter. Baron Silver Stevens Financial Advisors LLC boosted its position in JPMorgan Municipal ETF by 33.7% in the 3rd quarter. Baron Silver Stevens Financial Advisors LLC now owns 195,290 shares of the company’s stock valued at $9,856,000 after buying an additional 49,188 shares during the last quarter. Farther Finance Advisors LLC boosted its position in JPMorgan Municipal ETF by 86.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 28,104 shares of the company’s stock valued at $1,418,000 after buying an additional 13,021 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of JPMorgan Municipal ETF in the 3rd quarter valued at $616,000. Finally, Baker Tilly Wealth Management LLC increased its stake in shares of JPMorgan Municipal ETF by 14.2% in the 3rd quarter. Baker Tilly Wealth Management LLC now owns 112,158 shares of the company’s stock valued at $5,661,000 after buying an additional 13,929 shares during the period.

JPMorgan Municipal ETF Stock Down 0.7%

JMUB stock opened at $50.06 on Monday. JPMorgan Municipal ETF has a twelve month low of $47.95 and a twelve month high of $51.34. The company has a market cap of $3.07 billion, a P/E ratio of 9.96 and a beta of 0.21. The business has a fifty day moving average of $50.82 and a 200-day moving average of $50.64.

JPMorgan Municipal ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a $0.1538 dividend. The ex-dividend date was Monday, March 2nd. This is a positive change 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%.

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.