Private Advisor Group LLC Raises Position in JPMorgan Municipal ETF $JMUB

Private Advisor Group LLC lifted its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 12.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 135,678 shares of the company’s stock after buying an additional 15,244 shares during the period. Private Advisor Group LLC owned about 0.22% of JPMorgan Municipal ETF worth $6,848,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Baron Silver Stevens Financial Advisors LLC boosted its holdings in JPMorgan Municipal ETF by 33.7% during the 3rd quarter. Baron Silver Stevens Financial Advisors LLC now owns 195,290 shares of the company’s stock worth $9,856,000 after acquiring an additional 49,188 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of JPMorgan Municipal ETF by 86.3% in the third quarter. Farther Finance Advisors LLC now owns 28,104 shares of the company’s stock valued at $1,418,000 after purchasing an additional 13,021 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of JPMorgan Municipal ETF in the third quarter valued at about $616,000. Baker Tilly Wealth Management LLC lifted its position in shares of JPMorgan Municipal ETF by 14.2% during the third quarter. Baker Tilly Wealth Management LLC now owns 112,158 shares of the company’s stock valued at $5,661,000 after purchasing an additional 13,929 shares in the last quarter. Finally, Diversified Portfolios Inc. lifted its position in shares of JPMorgan Municipal ETF by 27.3% during the second quarter. Diversified Portfolios Inc. now owns 187,755 shares of the company’s stock valued at $9,320,000 after purchasing an additional 40,311 shares in the last quarter.

JPMorgan Municipal ETF Stock Performance

JPMorgan Municipal ETF stock opened at $50.42 on Friday. JPMorgan Municipal ETF has a fifty-two week low of $47.95 and a fifty-two week high of $51.34. The firm’s 50-day simple moving average is $50.85 and its 200 day simple moving average is $50.59. The stock has a market cap of $3.09 billion, a PE ratio of 9.96 and a beta of 0.21.

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 dividend of $0.1538 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.7%. 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.