Hill Island Financial LLC Trims Position in JPMorgan Municipal ETF (BATS:JMUB)

Hill Island Financial LLC lessened its stake in JPMorgan Municipal ETF (BATS:JMUB) by 9.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,153 shares of the company’s stock after selling 1,112 shares during the period. Hill Island Financial LLC’s holdings in JPMorgan Municipal ETF were worth $509,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. LPL Financial LLC increased its stake in JPMorgan Municipal ETF by 6.1% in the 4th quarter. LPL Financial LLC now owns 2,659,326 shares of the company’s stock worth $133,365,000 after buying an additional 152,578 shares during the period. Washington Trust Bank purchased a new position in JPMorgan Municipal ETF in the 4th quarter worth about $387,000. 1620 Investment Advisors Inc. purchased a new position in JPMorgan Municipal ETF during the 4th quarter valued at about $44,000. Condor Capital Management increased its position in JPMorgan Municipal ETF by 2.6% during the 4th quarter. Condor Capital Management now owns 250,282 shares of the company’s stock valued at $12,552,000 after purchasing an additional 6,455 shares during the period. Finally, PDS Planning Inc purchased a new position in JPMorgan Municipal ETF during the 4th quarter valued at about $448,000.

JPMorgan Municipal ETF Stock Performance

BATS JMUB opened at $50.17 on Friday. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 10.21 and a beta of 0.20. The company’s 50-day simple moving average is $50.30 and its two-hundred day simple moving average is $50.56. JPMorgan Municipal ETF has a one year low of $49.76 and a one year high of $51.31.

JPMorgan Municipal ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were given a dividend of $0.1429 per share. 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 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.