Riggs Capital Management LLC Takes $1.71 Million Position in JPMorgan Municipal ETF (BATS:JMUB)

Riggs Capital Management LLC acquired a new position in shares of JPMorgan Municipal ETF (BATS:JMUB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 34,137 shares of the company’s stock, valued at approximately $1,712,000. JPMorgan Municipal ETF makes up about 1.7% of Riggs Capital Management LLC’s holdings, making the stock its 17th largest position. Riggs Capital Management LLC owned about 0.12% of JPMorgan Municipal ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. 1620 Investment Advisors Inc. acquired a new stake in JPMorgan Municipal ETF in the 4th quarter valued at about $44,000. Sunbelt Securities Inc. grew 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 purchasing an additional 755 shares during the last quarter. Allworth Financial LP purchased a new position in shares of JPMorgan Municipal ETF during the 4th quarter worth approximately $77,000. WealthTrak Capital Management LLC acquired a new position in shares of JPMorgan Municipal ETF during the 4th quarter worth approximately $124,000. Finally, Hollencrest Capital Management purchased a new stake in JPMorgan Municipal ETF in the 4th quarter valued at approximately $138,000.

JPMorgan Municipal ETF Stock Performance

Shares of BATS:JMUB opened at $49.90 on Monday. The business’s fifty day moving average price is $50.30 and its two-hundred day moving average price is $50.51. The stock 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 one year low of $49.68 and a one year high of $51.31.

JPMorgan Municipal ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were paid a dividend of $0.1429 per share. 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.