Sagespring Wealth Partners LLC Grows Position in JPMorgan Municipal ETF $JMUB

Sagespring Wealth Partners LLC increased its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 758.5% in the fourth quarter, Holdings Channel reports. The firm owned 221,338 shares of the company’s stock after buying an additional 195,557 shares during the period. Sagespring Wealth Partners LLC’s holdings in JPMorgan Municipal ETF were worth $11,178,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its position in JPMorgan Municipal ETF by 34.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,208,854 shares of the company’s stock valued at $161,951,000 after buying an additional 826,847 shares during the last quarter. Meeder Advisory Services Inc. increased its position in shares of JPMorgan Municipal ETF by 7.9% during the third quarter. Meeder Advisory Services Inc. now owns 2,940,215 shares of the company’s stock valued at $148,393,000 after acquiring an additional 214,112 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of JPMorgan Municipal ETF by 33.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,540,890 shares of the company’s stock valued at $128,035,000 after acquiring an additional 641,736 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of JPMorgan Municipal ETF by 43.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,246,619 shares of the company’s stock valued at $113,284,000 after acquiring an additional 683,129 shares during the period. Finally, Raymond James Financial Inc. raised its stake in shares of JPMorgan Municipal ETF by 16.0% in the 2nd quarter. Raymond James Financial Inc. now owns 1,763,230 shares of the company’s stock valued at $87,527,000 after acquiring an additional 243,751 shares during the period.

JPMorgan Municipal ETF Stock Performance

Shares of JMUB stock opened at $50.06 on Friday. The firm has a market cap of $3.07 billion, a P/E ratio of 9.96 and a beta of 0.21. The firm’s 50 day moving average price is $50.82 and its 200-day moving average price is $50.63. JPMorgan Municipal ETF has a one year low of $47.95 and a one year high of $51.34.

JPMorgan Municipal ETF Increases Dividend

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

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.