Hartford Financial Management Inc. Purchases 67,369 Shares of JPMorgan Municipal ETF $JMUB

Hartford Financial Management Inc. boosted its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 33.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 269,279 shares of the company’s stock after purchasing an additional 67,369 shares during the period. JPMorgan Municipal ETF accounts for approximately 3.5% of Hartford Financial Management Inc.’s portfolio, making the stock its 5th largest holding. Hartford Financial Management Inc.’s holdings in JPMorgan Municipal ETF were worth $13,599,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its stake in JPMorgan Municipal ETF by 34.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,208,854 shares of the company’s stock worth $161,951,000 after buying an additional 826,847 shares in the last quarter. Meeder Advisory Services Inc. grew its stake in 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 buying an additional 214,112 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of JPMorgan Municipal ETF by 7.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,717,626 shares of the company’s stock valued at $137,566,000 after purchasing an additional 176,736 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of JPMorgan Municipal ETF by 43.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,246,619 shares of the company’s stock valued at $113,284,000 after purchasing an additional 683,129 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of JPMorgan Municipal ETF by 16.0% in the 2nd quarter. Raymond James Financial Inc. now owns 1,763,230 shares of the company’s stock valued at $87,527,000 after purchasing an additional 243,751 shares in the last quarter.

JPMorgan Municipal ETF Trading Up 0.3%

JMUB opened at $50.23 on Thursday. The company’s 50 day moving average is $50.63 and its 200-day moving average is $50.62. JPMorgan Municipal ETF has a 1-year low of $47.95 and a 1-year high of $51.34. The company has a market cap of $3.08 billion, a P/E ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were paid a $0.1538 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, March 2nd. This is an increase 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.