Allworth Financial LP Purchases New Stake in JPMorgan Municipal ETF (BATS:JMUB)

Allworth Financial LP acquired a new position in shares of JPMorgan Municipal ETF (BATS:JMUB) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,527 shares of the company’s stock, valued at approximately $77,000.

Several other hedge funds and other institutional investors also recently modified their holdings of JMUB. Sanctuary Advisors LLC grew its stake in JPMorgan Municipal ETF by 33.3% in the third quarter. Sanctuary Advisors LLC now owns 9,094 shares of the company’s stock worth $460,000 after purchasing an additional 2,272 shares in the last quarter. Atria Investments Inc acquired a new stake in shares of JPMorgan Municipal ETF during the 3rd quarter valued at approximately $208,000. Cahill Financial Advisors Inc. bought a new position in JPMorgan Municipal ETF during the third quarter worth $267,000. Stratos Wealth Partners LTD. boosted its holdings in JPMorgan Municipal ETF by 7.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 6,934 shares of the company’s stock worth $348,000 after purchasing an additional 490 shares during the period. Finally, Jane Street Group LLC raised its holdings in shares of JPMorgan Municipal ETF by 95.9% during the third quarter. Jane Street Group LLC now owns 30,946 shares of the company’s stock worth $1,587,000 after purchasing an additional 15,146 shares during the period.

JPMorgan Municipal ETF Stock Performance

JPMorgan Municipal ETF stock opened at $50.51 on Tuesday. The business has a 50-day simple moving average of $50.24 and a 200-day simple moving average of $50.63. The company has a market cap of $1.40 billion, a P/E ratio of 10.19 and a beta of 0.08.

JPMorgan Municipal ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were issued a $0.1299 dividend. The ex-dividend date was Monday, February 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.