JFS Wealth Advisors LLC Boosts Stake in JPMorgan Municipal ETF $JMUB

JFS Wealth Advisors LLC increased its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 263.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 59,753 shares of the company’s stock after buying an additional 43,308 shares during the quarter. JFS Wealth Advisors LLC’s holdings in JPMorgan Municipal ETF were worth $3,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Meeder Advisory Services Inc. lifted its position in JPMorgan Municipal ETF by 7.9% during the 3rd quarter. Meeder Advisory Services Inc. now owns 2,940,215 shares of the company’s stock worth $148,393,000 after acquiring an additional 214,112 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of JPMorgan Municipal ETF by 33.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,540,890 shares of the company’s stock valued at $128,035,000 after purchasing an additional 641,736 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of JPMorgan Municipal ETF by 8.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,382,007 shares of the company’s stock worth $118,243,000 after purchasing an additional 182,487 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of JPMorgan Municipal ETF by 16.0% during the second quarter. Raymond James Financial Inc. now owns 1,763,230 shares of the company’s stock worth $87,527,000 after purchasing an additional 243,751 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in JPMorgan Municipal ETF by 40.0% in the second quarter. Ameriprise Financial Inc. now owns 1,563,490 shares of the company’s stock valued at $77,572,000 after buying an additional 447,054 shares during the last quarter.

JPMorgan Municipal ETF Stock Performance

Shares of BATS:JMUB opened at $51.17 on Wednesday. JPMorgan Municipal ETF has a twelve month low of $47.95 and a twelve month high of $51.22. The company’s 50 day moving average is $50.78 and its 200 day moving average is $50.49. The company has a market cap of $3.14 billion, a PE ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a $0.1414 dividend. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Monday, February 2nd.

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.