142,829 Shares in JPMorgan Municipal ETF (BATS:JMUB) Bought by Martin Worley Group

Martin Worley Group purchased a new stake in shares of JPMorgan Municipal ETF (BATS:JMUB) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 142,829 shares of the company’s stock, valued at approximately $7,163,000. JPMorgan Municipal ETF accounts for 4.5% of Martin Worley Group’s holdings, making the stock its 4th largest position. Martin Worley Group owned about 0.51% of JPMorgan Municipal ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. 1620 Investment Advisors Inc. purchased a new position in shares of JPMorgan Municipal ETF in the fourth quarter worth $44,000. Sunbelt Securities Inc. increased its position in shares of JPMorgan Municipal ETF by 208.0% in the third quarter. Sunbelt Securities Inc. now owns 1,118 shares of the company’s stock valued at $57,000 after acquiring an additional 755 shares during the period. Allworth Financial LP bought a new position in shares of JPMorgan Municipal ETF during the fourth quarter valued at about $77,000. WealthTrak Capital Management LLC purchased a new stake in shares of JPMorgan Municipal ETF during the fourth quarter worth about $124,000. Finally, Hollencrest Capital Management purchased a new stake in shares of JPMorgan Municipal ETF during the fourth quarter worth about $138,000.

JPMorgan Municipal ETF Price Performance

Shares of BATS:JMUB opened at $49.94 on Thursday. The stock’s 50-day moving average is $50.29 and its 200 day moving average is $50.49. The company has a market cap of $2.51 billion, a PE ratio of 10.15 and a beta of 0.20. JPMorgan Municipal ETF has a 1 year low of $49.68 and a 1 year high of $51.31.

JPMorgan Municipal ETF Increases Dividend

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

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.