JPMorgan Municipal ETF $JMUB is Meeder Advisory Services Inc.’s Largest Position

Meeder Advisory Services Inc. increased its stake in JPMorgan Municipal ETF (BATS:JMUB) by 7.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,940,215 shares of the company’s stock after buying an additional 214,112 shares during the period. JPMorgan Municipal ETF accounts for about 6.9% of Meeder Advisory Services Inc.’s holdings, making the stock its largest holding. Meeder Advisory Services Inc. owned 4.79% of JPMorgan Municipal ETF worth $148,393,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JMUB. Spire Wealth Management grew its position in JPMorgan Municipal ETF by 28,330.0% in the 2nd quarter. Spire Wealth Management now owns 5,686 shares of the company’s stock worth $282,000 after purchasing an additional 5,666 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of JPMorgan Municipal ETF by 86.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 28,104 shares of the company’s stock valued at $1,418,000 after buying an additional 13,021 shares during the period. Baker Tilly Wealth Management LLC grew its holdings in shares of JPMorgan Municipal ETF by 14.2% in the third quarter. Baker Tilly Wealth Management LLC now owns 112,158 shares of the company’s stock worth $5,661,000 after acquiring an additional 13,929 shares during the period. ABLE Financial Group LLC grew its holdings in shares of JPMorgan Municipal ETF by 38.6% in the third quarter. ABLE Financial Group LLC now owns 417,520 shares of the company’s stock worth $21,072,000 after acquiring an additional 116,327 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in JPMorgan Municipal ETF during the third quarter valued at $616,000.

JPMorgan Municipal ETF Stock Performance

JMUB stock opened at $50.76 on Monday. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The business’s 50-day moving average is $50.62 and its two-hundred day moving average is $50.15. JPMorgan Municipal ETF has a fifty-two week low of $47.95 and a fifty-two week high of $51.31.

JPMorgan Municipal ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Tuesday, October 21st were paid a $0.1214 dividend. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Tuesday, October 21st.

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.