JPMorgan Municipal ETF $JMUB Shares Bought by Collective Family Office LLC

Collective Family Office LLC lifted its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 13.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 711,318 shares of the company’s stock after acquiring an additional 85,153 shares during the period. JPMorgan Municipal ETF accounts for about 8.2% of Collective Family Office LLC’s portfolio, making the stock its largest position. Collective Family Office LLC owned approximately 1.16% of JPMorgan Municipal ETF worth $35,922,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of JMUB. Baron Silver Stevens Financial Advisors LLC grew its stake in shares of JPMorgan Municipal ETF by 33.7% in the 3rd quarter. Baron Silver Stevens Financial Advisors LLC now owns 195,290 shares of the company’s stock valued at $9,856,000 after buying an additional 49,188 shares during the period. Farther Finance Advisors LLC increased its position in JPMorgan Municipal ETF by 86.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 28,104 shares of the company’s stock valued at $1,418,000 after buying an additional 13,021 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in JPMorgan Municipal ETF during the 3rd quarter worth approximately $616,000. Baker Tilly Wealth Management LLC raised its stake in JPMorgan Municipal ETF by 14.2% during the 3rd quarter. Baker Tilly Wealth Management LLC now owns 112,158 shares of the company’s stock worth $5,661,000 after buying an additional 13,929 shares during the period. Finally, ABLE Financial Group LLC boosted its holdings in JPMorgan Municipal ETF by 38.6% in the third quarter. ABLE Financial Group LLC now owns 417,520 shares of the company’s stock worth $21,072,000 after acquiring an additional 116,327 shares in the last quarter.

JPMorgan Municipal ETF Stock Performance

Shares of BATS:JMUB opened at $50.43 on Friday. JPMorgan Municipal ETF has a 52-week low of $47.95 and a 52-week high of $51.34. The business’s 50 day simple moving average is $50.84 and its two-hundred day simple moving average is $50.62. The firm has a market cap of $3.09 billion, a P/E ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were issued a $0.1538 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. This is an increase from JPMorgan Municipal ETF’s previous monthly dividend of $0.14.

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.