Invenio Wealth Partners LLC Boosts Stock Holdings in JPMorgan Municipal ETF (BATS:JMUB)

Invenio Wealth Partners LLC boosted its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 51.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 395,118 shares of the company’s stock after buying an additional 134,688 shares during the quarter. JPMorgan Municipal ETF makes up 8.3% of Invenio Wealth Partners LLC’s portfolio, making the stock its 2nd largest position. Invenio Wealth Partners LLC owned 1.42% of JPMorgan Municipal ETF worth $19,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. 1620 Investment Advisors Inc. purchased a new stake in shares of JPMorgan Municipal ETF in the fourth quarter valued at approximately $44,000. Sunbelt Securities Inc. raised its position in JPMorgan Municipal ETF by 208.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,118 shares of the company’s stock valued at $57,000 after purchasing an additional 755 shares in the last quarter. Allworth Financial LP purchased a new stake in shares of JPMorgan Municipal ETF in the 4th quarter worth $77,000. WealthTrak Capital Management LLC purchased a new stake in shares of JPMorgan Municipal ETF in the 4th quarter worth $124,000. Finally, Hollencrest Capital Management bought a new position in shares of JPMorgan Municipal ETF during the 4th quarter worth $138,000.

JPMorgan Municipal ETF Price Performance

JMUB stock opened at $49.99 on Tuesday. JPMorgan Municipal ETF has a 1-year low of $49.68 and a 1-year high of $51.31. The business has a 50-day moving average price of $50.30 and a 200 day moving average price of $50.51. The company has a market capitalization of $2.52 billion, a P/E ratio of 10.15 and a beta of 0.20.

JPMorgan Municipal ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were issued a $0.1429 dividend. The ex-dividend date was Monday, March 3rd. This is a positive change from JPMorgan Municipal ETF’s previous dividend of $0.13.

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.