JPMorgan Municipal ETF (BATS:JMUB) Shares Bought by Condor Capital Management

Condor Capital Management lifted its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 3.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 241,549 shares of the company’s stock after purchasing an additional 7,885 shares during the quarter. JPMorgan Municipal ETF comprises 1.2% of Condor Capital Management’s investment portfolio, making the stock its 25th biggest position. Condor Capital Management’s holdings in JPMorgan Municipal ETF were worth $12,168,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. LPL Financial LLC raised its position in shares of JPMorgan Municipal ETF by 11.2% during the 2nd quarter. LPL Financial LLC now owns 2,112,549 shares of the company’s stock valued at $106,420,000 after buying an additional 212,185 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of JPMorgan Municipal ETF by 205.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 853,485 shares of the company’s stock valued at $42,994,000 after buying an additional 574,470 shares during the period. Morningstar Investment Services LLC raised its position in shares of JPMorgan Municipal ETF by 96.9% during the 4th quarter. Morningstar Investment Services LLC now owns 812,766 shares of the company’s stock valued at $41,431,000 after buying an additional 399,905 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of JPMorgan Municipal ETF by 2.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 730,549 shares of the company’s stock valued at $36,801,000 after buying an additional 18,467 shares during the period. Finally, FORVIS Wealth Advisors LLC raised its position in shares of JPMorgan Municipal ETF by 40.5% during the 1st quarter. FORVIS Wealth Advisors LLC now owns 727,190 shares of the company’s stock valued at $36,898,000 after buying an additional 209,487 shares during the period.

JPMorgan Municipal ETF Trading Up 0.1 %

JMUB stock opened at $51.18 on Friday. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 10.22 and a beta of 0.08. The firm’s 50 day moving average price is $50.85 and its 200 day moving average price is $50.57.

JPMorgan Municipal ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, September 5th. Shareholders of record on Tuesday, September 3rd were given a $0.1506 dividend. This is a positive change from JPMorgan Municipal ETF’s previous dividend of $0.15. The ex-dividend date was Tuesday, September 3rd.

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.