Resonant Capital Advisors LLC Acquires 10,351 Shares of JPMorgan Municipal ETF (BATS:JMUB)

Resonant Capital Advisors LLC lifted its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 15.8% in the fourth quarter, Holdings Channel reports. The fund owned 75,720 shares of the company’s stock after purchasing an additional 10,351 shares during the quarter. Resonant Capital Advisors LLC’s holdings in JPMorgan Municipal ETF were worth $3,864,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in JPMorgan Municipal ETF in the 1st quarter worth about $43,000. Hazlett Burt & Watson Inc. purchased a new stake in JPMorgan Municipal ETF in the 4th quarter worth about $51,000. Carmichael Hill & Associates Inc. purchased a new position in shares of JPMorgan Municipal ETF during the fourth quarter worth approximately $70,000. McIlrath & Eck LLC purchased a new position in shares of JPMorgan Municipal ETF during the third quarter worth approximately $102,000. Finally, Advisory Services Network LLC increased its position in shares of JPMorgan Municipal ETF by 25.2% during the first quarter. Advisory Services Network LLC now owns 2,759 shares of the company’s stock worth $140,000 after acquiring an additional 556 shares during the period.

JPMorgan Municipal ETF Stock Down 0.0 %

Shares of BATS:JMUB traded down $0.02 during trading on Friday, reaching $50.20. 213,375 shares of the company were exchanged. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 10.21 and a beta of 0.06. The business’s 50-day simple moving average is $50.61 and its two-hundred day simple moving average is $50.02.

JPMorgan Municipal ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, April 4th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.1449 per share. The ex-dividend date of this dividend was Monday, April 1st. This is a positive change from JPMorgan Municipal ETF’s previous dividend of $0.14.

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.