JPMorgan Municipal ETF (BATS:JMUB) Shares Bought by RiverFront Investment Group LLC

RiverFront Investment Group LLC grew its position in JPMorgan Municipal ETF (BATS:JMUB) by 9.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 62,092 shares of the company’s stock after acquiring an additional 5,540 shares during the period. RiverFront Investment Group LLC owned about 0.22% of JPMorgan Municipal ETF worth $3,128,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Raymond James Financial Services Advisors Inc. raised its holdings in JPMorgan Municipal ETF by 205.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 853,485 shares of the company’s stock worth $42,994,000 after purchasing an additional 574,470 shares during the period. Morningstar Investment Services LLC raised its stake in shares of JPMorgan Municipal ETF by 96.9% during the 4th quarter. Morningstar Investment Services LLC now owns 812,766 shares of the company’s stock worth $41,431,000 after buying an additional 399,905 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of JPMorgan Municipal ETF by 119.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 650,088 shares of the company’s stock valued at $32,748,000 after buying an additional 354,185 shares in the last quarter. Asio Capital LLC grew its stake in JPMorgan Municipal ETF by 229.4% in the 1st quarter. Asio Capital LLC now owns 367,674 shares of the company’s stock valued at $18,656,000 after acquiring an additional 256,050 shares during the period. Finally, LPL Financial LLC grew its stake in JPMorgan Municipal ETF by 11.2% in the 2nd quarter. LPL Financial LLC now owns 2,112,549 shares of the company’s stock valued at $106,420,000 after acquiring an additional 212,185 shares during the period.

JPMorgan Municipal ETF Price Performance

BATS:JMUB opened at $51.24 on Wednesday. The firm has a market capitalization of $1.42 billion, a PE ratio of 10.22 and a beta of 0.08. The business’s fifty day moving average is $50.99 and its two-hundred day moving average is $50.61.

JPMorgan Municipal ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were given a dividend of $0.1506 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This is an increase from JPMorgan Municipal ETF’s previous dividend of $0.15.

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.