Collective Family Office LLC Grows Holdings in JPMorgan Municipal ETF $JMUB

Collective Family Office LLC grew its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 13.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 711,318 shares of the company’s stock after acquiring an additional 85,153 shares during the period. JPMorgan Municipal ETF makes up 8.2% of Collective Family Office LLC’s investment portfolio, making the stock its largest holding. Collective Family Office LLC’s holdings in JPMorgan Municipal ETF were worth $35,922,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in JMUB. Goodman Advisory Group LLC acquired a new stake in shares of JPMorgan Municipal ETF in the 3rd quarter worth about $37,000. Franklin Resources Inc. bought a new position in JPMorgan Municipal ETF in the 3rd quarter valued at about $41,000. Archer Investment Corp acquired a new position in JPMorgan Municipal ETF during the 3rd quarter valued at about $58,000. Fifth Third Bancorp acquired a new position in JPMorgan Municipal ETF during the 3rd quarter valued at about $61,000. Finally, Imprint Wealth LLC bought a new stake in JPMorgan Municipal ETF during the 3rd quarter worth approximately $63,000.

JPMorgan Municipal ETF Stock Down 0.1%

Shares of JPMorgan Municipal ETF stock opened at $50.43 on Friday. The company has a market cap of $3.09 billion, a PE ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 52 week low of $47.95 and a 52 week high of $51.34. The business has a 50 day moving average price of $50.84 and a 200-day moving average price of $50.62.

JPMorgan Municipal ETF Increases Dividend

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