NewEdge Advisors LLC Raises Stake in JPMorgan Municipal ETF (BATS:JMUB)

NewEdge Advisors LLC boosted its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 21.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 28,626 shares of the company’s stock after buying an additional 4,963 shares during the quarter. NewEdge Advisors LLC owned 0.10% of JPMorgan Municipal ETF worth $1,442,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in JMUB. Western Wealth Management LLC lifted its position in JPMorgan Municipal ETF by 2.0% during the second quarter. Western Wealth Management LLC now owns 10,992 shares of the company’s stock valued at $554,000 after purchasing an additional 217 shares during the period. Vista Investment Management boosted its stake in shares of JPMorgan Municipal ETF by 3.4% in the fourth quarter. Vista Investment Management now owns 6,925 shares of the company’s stock worth $353,000 after buying an additional 225 shares during the last quarter. Financial Connections Group Inc. boosted its stake in shares of JPMorgan Municipal ETF by 1.7% in the first quarter. Financial Connections Group Inc. now owns 14,051 shares of the company’s stock worth $713,000 after buying an additional 235 shares during the last quarter. ERn Financial LLC grew its holdings in JPMorgan Municipal ETF by 1.0% during the second quarter. ERn Financial LLC now owns 33,037 shares of the company’s stock worth $1,664,000 after acquiring an additional 316 shares during the period. Finally, Resonant Capital Advisors LLC raised its position in JPMorgan Municipal ETF by 0.6% during the first quarter. Resonant Capital Advisors LLC now owns 76,169 shares of the company’s stock valued at $3,865,000 after acquiring an additional 449 shares in the last quarter.

JPMorgan Municipal ETF Trading Down 0.4 %

JPMorgan Municipal ETF stock opened at $50.98 on Friday. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 10.22 and a beta of 0.08. The stock has a 50 day moving average of $51.02 and a 200 day moving average of $50.61.

JPMorgan Municipal ETF Increases Dividend

The company 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 a positive change 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.