JPMorgan Municipal ETF (BATS:JMUB) Shares Acquired by Madison Wealth Partners Inc

Madison Wealth Partners Inc increased its position in JPMorgan Municipal ETF (BATS:JMUB) by 48.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,395 shares of the company’s stock after acquiring an additional 2,085 shares during the period. Madison Wealth Partners Inc’s holdings in JPMorgan Municipal ETF were worth $321,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of JPMorgan Municipal ETF during the fourth quarter valued at $63,229,000. Bailard Inc. purchased a new stake in shares of JPMorgan Municipal ETF during the fourth quarter valued at $36,907,000. HighTower Advisors LLC lifted its holdings in shares of JPMorgan Municipal ETF by 147.4% during the fourth quarter. HighTower Advisors LLC now owns 999,722 shares of the company’s stock valued at $50,136,000 after purchasing an additional 595,710 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of JPMorgan Municipal ETF during the fourth quarter valued at $29,718,000. Finally, LPL Financial LLC lifted its holdings in shares of JPMorgan Municipal ETF by 18.7% during the third quarter. LPL Financial LLC now owns 2,506,748 shares of the company’s stock valued at $128,521,000 after purchasing an additional 394,199 shares during the last quarter.

JPMorgan Municipal ETF Stock Up 0.7 %

Shares of BATS JMUB opened at $50.17 on Thursday. The business has a fifty day simple moving average of $50.30 and a 200-day simple moving average of $50.60. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 10.21 and a beta of 0.20. JPMorgan Municipal ETF has a 12 month low of $49.76 and a 12 month high of $51.31.

JPMorgan Municipal ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were paid a $0.1429 dividend. This is an increase from JPMorgan Municipal ETF’s previous dividend of $0.13. The ex-dividend date of this dividend was Monday, March 3rd.

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.