Spire Wealth Management Increases Stock Position in JPMorgan Municipal ETF $JMUB

Spire Wealth Management lifted its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 2,453.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,260 shares of the company’s stock after buying an additional 29,075 shares during the period. Spire Wealth Management’s holdings in JPMorgan Municipal ETF were worth $1,528,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of JMUB. Goodman Advisory Group LLC purchased a new stake in shares of JPMorgan Municipal ETF in the third quarter valued at approximately $37,000. Franklin Resources Inc. purchased a new stake in JPMorgan Municipal ETF during the third quarter worth about $41,000. Archer Investment Corp acquired a new position in JPMorgan Municipal ETF during the third quarter worth about $58,000. Fifth Third Bancorp acquired a new position in JPMorgan Municipal ETF during the third quarter worth about $61,000. Finally, Imprint Wealth LLC purchased a new position in JPMorgan Municipal ETF in the third quarter valued at about $63,000.

JPMorgan Municipal ETF Trading Up 0.2%

JMUB stock opened at $49.95 on Tuesday. The firm has a 50 day moving average of $50.72 and a 200-day moving average of $50.64. JPMorgan Municipal ETF has a 12-month low of $47.95 and a 12-month high of $51.34. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Increases Dividend

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

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.