JPMorgan Municipal ETF (BATS:JMUB) is AllGen Financial Advisors Inc.’s 6th Largest Position

AllGen Financial Advisors Inc. grew its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 15.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 336,967 shares of the company’s stock after buying an additional 45,888 shares during the period. JPMorgan Municipal ETF accounts for approximately 6.4% of AllGen Financial Advisors Inc.’s holdings, making the stock its 6th biggest position. AllGen Financial Advisors Inc. owned 1.21% of JPMorgan Municipal ETF worth $16,975,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JMUB. YHB Investment Advisors Inc. bought a new stake in JPMorgan Municipal ETF during the first quarter worth about $25,000. ICA Group Wealth Management LLC purchased a new stake in shares of JPMorgan Municipal ETF in the 4th quarter worth approximately $40,000. Financial Gravity Asset Management Inc. purchased a new stake in shares of JPMorgan Municipal ETF in the 2nd quarter worth approximately $58,000. GoalVest Advisory LLC bought a new position in JPMorgan Municipal ETF during the 1st quarter valued at approximately $79,000. Finally, EverSource Wealth Advisors LLC purchased a new position in JPMorgan Municipal ETF during the first quarter valued at $85,000.

JPMorgan Municipal ETF Stock Performance

BATS JMUB opened at $51.20 on Thursday. The business has a 50 day moving average of $50.90 and a two-hundred day moving average of $50.58. The stock has a market capitalization of $1.42 billion, a PE ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, September 5th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.1506 per share. This is a boost from JPMorgan Municipal ETF’s previous dividend of $0.15. The ex-dividend date was Tuesday, September 3rd.

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.