112,941 Shares in JPMorgan Municipal ETF $JMUB Bought by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. acquired a new position in JPMorgan Municipal ETF (BATS:JMUB) during the second quarter, Holdings Channel reports. The firm acquired 112,941 shares of the company’s stock, valued at approximately $5,571,000.

A number of other large investors have also added to or reduced their stakes in the company. LPL Financial LLC raised its position in JPMorgan Municipal ETF by 7.1% during the first quarter. LPL Financial LLC now owns 2,847,971 shares of the company’s stock valued at $142,399,000 after purchasing an additional 188,645 shares in the last quarter. Meeder Advisory Services Inc. bought a new stake in shares of JPMorgan Municipal ETF in the first quarter worth about $126,587,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of JPMorgan Municipal ETF by 9.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,199,520 shares of the company’s stock worth $109,976,000 after purchasing an additional 190,891 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in JPMorgan Municipal ETF by 42.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,899,154 shares of the company’s stock valued at $94,037,000 after acquiring an additional 569,892 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in JPMorgan Municipal ETF by 20.5% during the 1st quarter. Raymond James Financial Inc. now owns 1,519,479 shares of the company’s stock valued at $75,974,000 after acquiring an additional 258,686 shares in the last quarter.

JPMorgan Municipal ETF Stock Performance

JPMorgan Municipal ETF stock opened at $50.66 on Monday. The stock’s 50 day simple moving average is $50.31 and its two-hundred day simple moving average is $49.71. JPMorgan Municipal ETF has a fifty-two week low of $47.95 and a fifty-two week high of $51.31. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, October 23rd. Investors of record on Tuesday, October 21st were given a $0.1214 dividend. The ex-dividend date of this dividend was Tuesday, October 21st. This represents a c) annualized dividend and a yield of 2.9%.

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.