Collective Family Office LLC Buys 51,611 Shares of JPMorgan Municipal ETF (BATS:JMUB)

Collective Family Office LLC raised its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 12.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 454,133 shares of the company’s stock after acquiring an additional 51,611 shares during the period. JPMorgan Municipal ETF comprises about 6.3% of Collective Family Office LLC’s investment portfolio, making the stock its largest holding. Collective Family Office LLC’s holdings in JPMorgan Municipal ETF were worth $23,283,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake in JPMorgan Municipal ETF by 45.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 4,498 shares of the company’s stock valued at $226,000 after acquiring an additional 1,398 shares during the period. Brookstone Capital Management acquired a new position in shares of JPMorgan Municipal ETF in the 2nd quarter valued at approximately $261,000. Red Mountain Financial LLC bought a new position in JPMorgan Municipal ETF in the fourth quarter valued at approximately $1,914,000. Chesley Taft & Associates LLC raised its holdings in shares of JPMorgan Municipal ETF by 186.3% during the 2nd quarter. Chesley Taft & Associates LLC now owns 19,680 shares of the company’s stock worth $991,000 after buying an additional 12,805 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of JPMorgan Municipal ETF by 396.5% in the first quarter. Jane Street Group LLC now owns 108,061 shares of the company’s stock worth $5,483,000 after acquiring an additional 86,296 shares during the last quarter.

JPMorgan Municipal ETF Stock Down 0.4 %

JMUB stock traded down $0.21 during midday trading on Friday, reaching $50.98. 211,522 shares of the stock were exchanged. The company has a market cap of $1.41 billion, a PE ratio of 10.22 and a beta of 0.08. The firm has a 50 day moving average of $51.02 and a two-hundred day moving average of $50.62.

JPMorgan Municipal ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, September 5th. Stockholders of record on Tuesday, September 3rd were paid a $0.1506 dividend. The ex-dividend date was Tuesday, September 3rd. This is an increase 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.