Elequin Capital LP Acquires New Position in JPMorgan Sustainable Municipal Income ETF $JMSI

Elequin Capital LP bought a new position in shares of JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 19,538 shares of the company’s stock, valued at approximately $981,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Citadel Advisors LLC acquired a new position in shares of JPMorgan Sustainable Municipal Income ETF in the third quarter worth $270,000. Raymond James Financial Inc. raised its stake in shares of JPMorgan Sustainable Municipal Income ETF by 12.9% in the third quarter. Raymond James Financial Inc. now owns 130,431 shares of the company’s stock valued at $6,550,000 after acquiring an additional 14,864 shares in the last quarter. Fiduciary Trust Co raised its stake in shares of JPMorgan Sustainable Municipal Income ETF by 6.5% in the third quarter. Fiduciary Trust Co now owns 33,729 shares of the company’s stock valued at $1,694,000 after acquiring an additional 2,068 shares in the last quarter. GeoWealth Management LLC boosted its holdings in JPMorgan Sustainable Municipal Income ETF by 4.3% in the third quarter. GeoWealth Management LLC now owns 66,284 shares of the company’s stock valued at $3,329,000 after purchasing an additional 2,758 shares during the period. Finally, Betterment LLC grew its stake in JPMorgan Sustainable Municipal Income ETF by 19.9% during the 3rd quarter. Betterment LLC now owns 1,360,487 shares of the company’s stock worth $68,324,000 after purchasing an additional 225,859 shares in the last quarter.

JPMorgan Sustainable Municipal Income ETF Price Performance

JMSI opened at $50.34 on Friday. JPMorgan Sustainable Municipal Income ETF has a 12 month low of $47.72 and a 12 month high of $51.35. The business has a fifty day moving average price of $50.72 and a 200 day moving average price of $50.44.

JPMorgan Sustainable Municipal Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were paid a $0.1541 dividend. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Monday, March 2nd. This is a boost from JPMorgan Sustainable Municipal Income ETF’s previous monthly dividend of $0.14.

JPMorgan Sustainable Municipal Income ETF Profile

The JPMorgan Sustainable Municipal Income ETF (JMSI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that primarily invests in sustainable municipal bonds exempt from federal income tax. The portfolio has an average weighted maturity of 3 to 15 years. JMSI was launched on Jul 14, 2023 and is issued by JPMorgan Chase.