JFS Wealth Advisors LLC Grows Stake in JPMorgan Municipal ETF $JMUB

JFS Wealth Advisors LLC grew its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 102.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 120,758 shares of the company’s stock after acquiring an additional 61,005 shares during the quarter. JFS Wealth Advisors LLC’s holdings in JPMorgan Municipal ETF were worth $6,099,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Goodman Advisory Group LLC bought a new position in JPMorgan Municipal ETF in the 3rd quarter worth about $37,000. Franklin Resources Inc. bought a new position in JPMorgan Municipal ETF in the 3rd quarter valued at approximately $41,000. Archer Investment Corp purchased a new stake in JPMorgan Municipal ETF during the 3rd quarter valued at $58,000. Fifth Third Bancorp purchased a new stake in JPMorgan Municipal ETF during the 3rd quarter valued at $61,000. Finally, Imprint Wealth LLC purchased a new position in shares of JPMorgan Municipal ETF in the third quarter worth $63,000.

JPMorgan Municipal ETF Price Performance

Shares of BATS:JMUB opened at $49.87 on Friday. JPMorgan Municipal ETF has a 1 year low of $47.95 and a 1 year high of $51.34. The company has a market cap of $3.06 billion, a P/E ratio of 9.96 and a beta of 0.21. The stock’s fifty day moving average price is $50.74 and its 200-day moving average price is $50.64.

JPMorgan Municipal ETF Increases Dividend

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

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.