Janney Montgomery Scott LLC Boosts Stock Position in JPMorgan Municipal ETF (BATS:JMUB)

Janney Montgomery Scott LLC increased its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 23.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,133 shares of the company’s stock after purchasing an additional 3,626 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.07% of JPMorgan Municipal ETF worth $981,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JMUB. Avantax Advisory Services Inc. purchased a new stake in JPMorgan Municipal ETF during the 1st quarter worth about $214,000. Kingsview Wealth Management LLC increased its position in JPMorgan Municipal ETF by 18.2% during the 1st quarter. Kingsview Wealth Management LLC now owns 7,329 shares of the company’s stock worth $372,000 after purchasing an additional 1,128 shares in the last quarter. Jacobi Capital Management LLC purchased a new stake in JPMorgan Municipal ETF during the 1st quarter worth about $339,000. Trustmark National Bank Trust Department increased its position in JPMorgan Municipal ETF by 24.2% during the 1st quarter. Trustmark National Bank Trust Department now owns 20,500 shares of the company’s stock worth $1,040,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC purchased a new stake in JPMorgan Municipal ETF in the 1st quarter valued at about $7,483,000.

JPMorgan Municipal ETF Stock Up 0.1 %

JMUB opened at $50.54 on Friday. The stock has a market cap of $1.40 billion, a PE ratio of 10.22 and a beta of 0.08. The company has a 50 day simple moving average of $50.83 and a 200-day simple moving average of $50.66.

JPMorgan Municipal ETF Increases Dividend

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

About JPMorgan Municipal ETF

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.