Elequin Capital LP Takes $981,000 Position in JPMorgan Sustainable Municipal Income ETF $JMSI

Elequin Capital LP acquired a new stake in JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,538 shares of the company’s stock, valued at approximately $981,000. Elequin Capital LP owned about 0.30% of JPMorgan Sustainable Municipal Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Rossby Financial LCC acquired a new stake in JPMorgan Sustainable Municipal Income ETF during the third quarter worth $31,000. Root Financial Partners LLC acquired a new position in shares of JPMorgan Sustainable Municipal Income ETF in the 3rd quarter valued at $87,000. Ally Invest Advisors Inc. grew its holdings in shares of JPMorgan Sustainable Municipal Income ETF by 6.2% during the 2nd quarter. Ally Invest Advisors Inc. now owns 5,140 shares of the company’s stock worth $254,000 after purchasing an additional 299 shares during the period. Citadel Advisors LLC purchased a new position in shares of JPMorgan Sustainable Municipal Income ETF during the 3rd quarter worth $270,000. Finally, Advisory Services Network LLC acquired a new stake in shares of JPMorgan Sustainable Municipal Income ETF during the 2nd quarter worth about $586,000.

JPMorgan Sustainable Municipal Income ETF Stock Performance

Shares of JMSI opened at $50.34 on Friday. JPMorgan Sustainable Municipal Income ETF has a 12-month low of $47.72 and a 12-month high of $51.35. The company’s 50-day moving average price is $50.72 and its 200 day moving average price is $50.44.

JPMorgan Sustainable Municipal Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1541 per share. This is a boost from JPMorgan Sustainable Municipal Income ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, March 2nd.

About JPMorgan Sustainable Municipal Income ETF

The JPMorgan Sustainable Municipal Income ETF (JMSI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that primarily invests in sustainable municipal bonds exempt from federal income tax. The portfolio has an average weighted maturity of 3 to 15 years. JMSI was launched on Jul 14, 2023 and is issued by JPMorgan Chase.