JPMorgan Municipal ETF $JMUB Shares Purchased by Private Wealth Management Group LLC

Private Wealth Management Group LLC increased its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 17.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 87,279 shares of the company’s stock after purchasing an additional 12,700 shares during the period. JPMorgan Municipal ETF accounts for about 1.2% of Private Wealth Management Group LLC’s investment portfolio, making the stock its 21st biggest holding. Private Wealth Management Group LLC’s holdings in JPMorgan Municipal ETF were worth $4,405,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in JMUB. Avantax Advisory Services Inc. raised its holdings in JPMorgan Municipal ETF by 2,438.3% during the second quarter. Avantax Advisory Services Inc. now owns 897,843 shares of the company’s stock worth $44,569,000 after purchasing an additional 862,471 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of JPMorgan Municipal ETF by 152.3% during the second quarter. Bank of America Corp DE now owns 1,101,672 shares of the company’s stock worth $54,687,000 after buying an additional 665,100 shares during the period. G2 Capital Management LLC OH increased its position in JPMorgan Municipal ETF by 489.2% in the 2nd quarter. G2 Capital Management LLC OH now owns 695,217 shares of the company’s stock valued at $34,511,000 after acquiring an additional 577,227 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in JPMorgan Municipal ETF by 42.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,899,154 shares of the company’s stock valued at $94,037,000 after acquiring an additional 569,892 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in JPMorgan Municipal ETF by 40.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,563,490 shares of the company’s stock worth $77,572,000 after acquiring an additional 447,054 shares during the period.

JPMorgan Municipal ETF Price Performance

JPMorgan Municipal ETF stock opened at $50.58 on Monday. The stock’s 50 day moving average price is $50.63 and its 200 day moving average price is $50.07. The company has a market cap of $3.10 billion, a PE ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 1-year low of $47.95 and a 1-year high of $51.31.

JPMorgan Municipal ETF Cuts Dividend

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

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.