NFP Retirement Inc. Increases Holdings in JPMorgan Municipal ETF $JMUB

NFP Retirement Inc. boosted its stake in JPMorgan Municipal ETF (BATS:JMUB) by 3.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,498 shares of the company’s stock after purchasing an additional 1,403 shares during the period. NFP Retirement Inc.’s holdings in JPMorgan Municipal ETF were worth $1,961,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of JMUB. Kestra Advisory Services LLC boosted its holdings in JPMorgan Municipal ETF by 9.4% in the 1st quarter. Kestra Advisory Services LLC now owns 78,973 shares of the company’s stock worth $3,949,000 after acquiring an additional 6,787 shares during the period. Spire Wealth Management boosted its stake in shares of JPMorgan Municipal ETF by 28,330.0% in the second quarter. Spire Wealth Management now owns 5,686 shares of the company’s stock valued at $282,000 after purchasing an additional 5,666 shares during the period. Avantax Advisory Services Inc. grew its holdings in JPMorgan Municipal ETF by 2,438.3% during the 2nd quarter. Avantax Advisory Services Inc. now owns 897,843 shares of the company’s stock valued at $44,569,000 after purchasing an additional 862,471 shares in the last quarter. Tortoise Investment Management LLC acquired a new stake in JPMorgan Municipal ETF during the 2nd quarter valued at $14,521,000. Finally, D.A. Davidson & CO. purchased a new stake in JPMorgan Municipal ETF during the 2nd quarter worth $230,000.

JPMorgan Municipal ETF Stock Performance

Shares of BATS JMUB opened at $50.66 on Thursday. JPMorgan Municipal ETF has a 1 year low of $47.95 and a 1 year high of $51.31. The stock’s 50-day simple moving average is $50.57 and its 200-day simple moving average is $49.83. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Tuesday, October 21st were issued a dividend of $0.1214 per share. The ex-dividend date was Tuesday, October 21st. This represents a c) annualized dividend and a yield of 2.9%.

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.