JPMorgan Municipal ETF $JMUB Shares Bought by Tortoise Investment Management LLC

Tortoise Investment Management LLC boosted its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 62.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 476,369 shares of the company’s stock after purchasing an additional 183,841 shares during the period. JPMorgan Municipal ETF makes up about 2.1% of Tortoise Investment Management LLC’s portfolio, making the stock its 7th biggest position. Tortoise Investment Management LLC’s holdings in JPMorgan Municipal ETF were worth $24,042,000 as of its most recent filing with the Securities and Exchange Commission.

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

JPMorgan Municipal ETF Price Performance

Shares of JMUB stock opened at $50.51 on Thursday. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The business has a fifty day moving average of $50.85 and a 200 day moving average of $50.59. JPMorgan Municipal ETF has a 1 year low of $47.95 and a 1 year high of $51.34.

JPMorgan Municipal ETF Increases Dividend

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

About JPMorgan Municipal ETF

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.