NewEdge Wealth LLC Acquires 24,234 Shares of JPMorgan Municipal ETF $JMUB

NewEdge Wealth LLC grew its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 39.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 85,625 shares of the company’s stock after buying an additional 24,234 shares during the period. NewEdge Wealth LLC’s holdings in JPMorgan Municipal ETF were worth $4,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

JPMorgan Municipal ETF Trading Up 0.0%

Shares of BATS:JMUB opened at $51.13 on Friday. The company has a 50 day moving average of $50.75 and a 200 day moving average of $50.45. The stock has a market cap of $3.14 billion, a P/E ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 12 month low of $47.95 and a 12 month high of $51.14.

JPMorgan Municipal ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were given a dividend of $0.1414 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Monday, February 2nd.

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.