Hennion & Walsh Asset Management Inc. Grows Stake in JPMorgan Municipal ETF (BATS:JMUB)

Hennion & Walsh Asset Management Inc. increased its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 2.3% in the 3rd quarter, Holdings Channel reports. The firm owned 51,857 shares of the company’s stock after purchasing an additional 1,144 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in JPMorgan Municipal ETF were worth $2,659,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Syntegra Private Wealth Group LLC raised its holdings in shares of JPMorgan Municipal ETF by 30.1% during the third quarter. Syntegra Private Wealth Group LLC now owns 219,384 shares of the company’s stock valued at $11,248,000 after acquiring an additional 50,779 shares during the last quarter. Private Advisor Group LLC increased its position in shares of JPMorgan Municipal ETF by 5.0% during the third quarter. Private Advisor Group LLC now owns 87,635 shares of the company’s stock worth $4,493,000 after purchasing an additional 4,181 shares in the last quarter. Stephens Consulting LLC increased its position in shares of JPMorgan Municipal ETF by 1.1% during the third quarter. Stephens Consulting LLC now owns 302,158 shares of the company’s stock worth $15,492,000 after purchasing an additional 3,263 shares in the last quarter. Wealth Alliance Advisory Group LLC raised its stake in JPMorgan Municipal ETF by 0.6% in the 3rd quarter. Wealth Alliance Advisory Group LLC now owns 177,089 shares of the company’s stock valued at $9,079,000 after purchasing an additional 993 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in JPMorgan Municipal ETF by 40.1% in the 3rd quarter. Raymond James & Associates now owns 404,255 shares of the company’s stock valued at $20,726,000 after purchasing an additional 115,690 shares in the last quarter.

JPMorgan Municipal ETF Price Performance

JPMorgan Municipal ETF stock opened at $50.43 on Friday. The business’s 50-day simple moving average is $50.99 and its two-hundred day simple moving average is $50.63. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.1506 per share. The ex-dividend date was Tuesday, September 3rd. This is a boost from JPMorgan Municipal ETF’s previous dividend of $0.15.

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.