Elequin Capital LP Purchases 115,770 Shares of JPMorgan Municipal ETF $JMUB

Elequin Capital LP boosted its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 1,955.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 121,690 shares of the company’s stock after purchasing an additional 115,770 shares during the quarter. JPMorgan Municipal ETF comprises about 0.3% of Elequin Capital LP’s holdings, making the stock its 14th biggest holding. Elequin Capital LP owned 0.20% of JPMorgan Municipal ETF worth $6,142,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of JMUB. Financial Gravity Companies Inc. purchased a new stake in shares of JPMorgan Municipal ETF during the second quarter valued at approximately $28,000. Goodman Advisory Group LLC purchased a new position in JPMorgan Municipal ETF in the 3rd quarter worth approximately $37,000. Franklin Resources Inc. purchased a new position in JPMorgan Municipal ETF in the 3rd quarter worth approximately $41,000. Archer Investment Corp bought a new position in JPMorgan Municipal ETF in the 3rd quarter valued at approximately $58,000. Finally, Fifth Third Bancorp bought a new position in JPMorgan Municipal ETF in the 3rd quarter valued at approximately $61,000.

JPMorgan Municipal ETF Trading Up 0.2%

Shares of JMUB opened at $50.53 on Friday. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The business’s fifty day simple moving average is $50.85 and its two-hundred day simple moving average is $50.61. JPMorgan Municipal ETF has a 12 month low of $47.95 and a 12 month high of $51.34.

JPMorgan Municipal ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.1538 per share. 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. This represents a c) dividend on an annualized basis and a dividend 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.