Friday Financial Acquires 10,264 Shares of JPMorgan Municipal ETF $JMUB

Friday Financial increased its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 111.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 19,452 shares of the company’s stock after purchasing an additional 10,264 shares during the period. Friday Financial’s holdings in JPMorgan Municipal ETF were worth $982,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. grew its holdings in JPMorgan Municipal ETF by 34.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,208,854 shares of the company’s stock valued at $161,951,000 after buying an additional 826,847 shares during the last quarter. Meeder Advisory Services Inc. lifted its holdings in shares of JPMorgan Municipal ETF by 7.9% during the third quarter. Meeder Advisory Services Inc. now owns 2,940,215 shares of the company’s stock worth $148,393,000 after buying an additional 214,112 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of JPMorgan Municipal ETF by 7.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,717,626 shares of the company’s stock worth $137,566,000 after buying an additional 176,736 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of JPMorgan Municipal ETF by 43.7% in the third quarter. Ameriprise Financial Inc. now owns 2,246,619 shares of the company’s stock valued at $113,284,000 after acquiring an additional 683,129 shares during the period. Finally, Raymond James Financial Inc. boosted its position in shares of JPMorgan Municipal ETF by 16.0% in the second quarter. Raymond James Financial Inc. now owns 1,763,230 shares of the company’s stock valued at $87,527,000 after acquiring an additional 243,751 shares during the period.

JPMorgan Municipal ETF Trading Up 0.2%

Shares of JPMorgan Municipal ETF stock opened at $50.15 on Tuesday. JPMorgan Municipal ETF has a 1 year low of $47.95 and a 1 year high of $51.34. The company’s fifty day simple moving average is $50.81 and its 200-day simple moving average is $50.65. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a $0.1538 dividend. This is a boost from JPMorgan Municipal ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.7%.

JPMorgan Municipal ETF 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.