JPMorgan Municipal ETF (BATS:JMUB) Stock Position Raised by Raymond James & Associates

Raymond James & Associates boosted its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 40.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 404,255 shares of the company’s stock after acquiring an additional 115,690 shares during the period. Raymond James & Associates owned about 1.46% of JPMorgan Municipal ETF worth $20,726,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Wealthcare Advisory Partners LLC boosted its holdings in shares of JPMorgan Municipal ETF by 372.5% during the first quarter. Wealthcare Advisory Partners LLC now owns 26,251 shares of the company’s stock valued at $1,332,000 after acquiring an additional 20,695 shares during the period. Stephens Consulting LLC boosted its stake in JPMorgan Municipal ETF by 93.4% during the 1st quarter. Stephens Consulting LLC now owns 264,492 shares of the company’s stock valued at $13,420,000 after purchasing an additional 127,738 shares during the period. Skyline Advisors Inc. grew its position in JPMorgan Municipal ETF by 10.2% in the 1st quarter. Skyline Advisors Inc. now owns 185,661 shares of the company’s stock worth $9,420,000 after purchasing an additional 17,217 shares during the last quarter. Financial Strategies Group Inc. increased its stake in shares of JPMorgan Municipal ETF by 76.9% in the first quarter. Financial Strategies Group Inc. now owns 10,611 shares of the company’s stock valued at $534,000 after purchasing an additional 4,613 shares during the period. Finally, Naviter Wealth LLC bought a new stake in shares of JPMorgan Municipal ETF during the first quarter valued at approximately $1,584,000.

JPMorgan Municipal ETF Stock Performance

Shares of BATS JMUB opened at $50.50 on Friday. The firm has a market capitalization of $1.40 billion, a P/E ratio of 10.22 and a beta of 0.08. The business’s 50-day simple moving average is $50.98 and its 200 day simple moving average is $50.63.

JPMorgan Municipal ETF Increases Dividend

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