Baron Silver Stevens Financial Advisors LLC Has $6.76 Million Stake in JPMorgan Municipal ETF (BATS:JMUB)

Baron Silver Stevens Financial Advisors LLC raised its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 5.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 131,916 shares of the company’s stock after acquiring an additional 6,837 shares during the period. JPMorgan Municipal ETF comprises approximately 1.2% of Baron Silver Stevens Financial Advisors LLC’s holdings, making the stock its 22nd biggest position. Baron Silver Stevens Financial Advisors LLC’s holdings in JPMorgan Municipal ETF were worth $6,763,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Financial Gravity Asset Management Inc. bought a new position in JPMorgan Municipal ETF in the 2nd quarter valued at about $58,000. ICA Group Wealth Management LLC increased its stake in shares of JPMorgan Municipal ETF by 62.9% during the 2nd quarter. ICA Group Wealth Management LLC now owns 1,165 shares of the company’s stock worth $59,000 after purchasing an additional 450 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new position in shares of JPMorgan Municipal ETF during the 1st quarter valued at $85,000. Madison Wealth Partners Inc purchased a new position in shares of JPMorgan Municipal ETF in the second quarter worth about $212,000. Finally, Avantax Advisory Services Inc. purchased a new position in shares of JPMorgan Municipal ETF in the first quarter valued at $214,000.

JPMorgan Municipal ETF Stock Performance

JPMorgan Municipal ETF stock opened at $50.51 on Friday. The business’s 50 day simple moving average is $50.95 and its 200-day simple moving average is $50.64. The stock has a market capitalization of $1.40 billion, a PE ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Increases Dividend

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

JPMorgan Municipal ETF 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.