Daymark Wealth Partners LLC Buys 17,404 Shares of JPMorgan Municipal ETF $JMUB

Daymark Wealth Partners LLC grew its position in JPMorgan Municipal ETF (BATS:JMUB) by 45.4% in the fourth quarter, Holdings Channel reports. The fund owned 55,751 shares of the company’s stock after acquiring an additional 17,404 shares during the quarter. Daymark Wealth Partners LLC’s holdings in JPMorgan Municipal ETF were worth $2,815,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Shotwell Rutter Baer Inc acquired a new position in JPMorgan Municipal ETF in the 4th quarter worth about $2,813,000. Arlington Financial Advisors LLC raised its position in JPMorgan Municipal ETF by 18.3% in the fourth quarter. Arlington Financial Advisors LLC now owns 6,989 shares of the company’s stock valued at $353,000 after purchasing an additional 1,082 shares during the last quarter. Harbor Group Inc. boosted its stake in shares of JPMorgan Municipal ETF by 349.1% during the fourth quarter. Harbor Group Inc. now owns 148,083 shares of the company’s stock valued at $7,478,000 after purchasing an additional 115,107 shares in the last quarter. Friday Financial boosted its stake in shares of JPMorgan Municipal ETF by 111.7% during the fourth quarter. Friday Financial now owns 19,452 shares of the company’s stock valued at $982,000 after purchasing an additional 10,264 shares in the last quarter. Finally, Peterson Wealth Advisors LLC grew its holdings in shares of JPMorgan Municipal ETF by 16.8% during the fourth quarter. Peterson Wealth Advisors LLC now owns 13,849 shares of the company’s stock worth $699,000 after purchasing an additional 1,990 shares during the last quarter.

JPMorgan Municipal ETF Price Performance

JPMorgan Municipal ETF stock opened at $49.98 on Thursday. The business has a 50 day moving average of $50.77 and a 200-day moving average of $50.64. The company has a market capitalization of $3.07 billion, a P/E ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 1 year low of $47.95 and a 1 year high of $51.34.

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 dividend of $0.1538 per share. 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. This is a positive change from JPMorgan Municipal ETF’s previous monthly dividend of $0.14.

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.