JPMorgan Municipal ETF (BATS:JMUB) Position Boosted by Raymond James & Associates

Raymond James & Associates lifted its stake in JPMorgan Municipal ETF (BATS:JMUB) by 40.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 404,255 shares of the company’s stock after acquiring an additional 115,690 shares during the quarter. Raymond James & Associates’ holdings in JPMorgan Municipal ETF were worth $20,726,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of JMUB. Financial Gravity Asset Management Inc. bought a new position in JPMorgan Municipal ETF in the 2nd quarter worth approximately $58,000. ICA Group Wealth Management LLC raised its position in shares of JPMorgan Municipal ETF by 62.9% during the second quarter. ICA Group Wealth Management LLC now owns 1,165 shares of the company’s stock valued at $59,000 after buying an additional 450 shares during the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of JPMorgan Municipal ETF in the first quarter valued at about $85,000. Madison Wealth Partners Inc acquired a new stake in JPMorgan Municipal ETF during the second quarter worth about $212,000. Finally, Avantax Advisory Services Inc. bought a new position in JPMorgan Municipal ETF during the first quarter valued at about $214,000.

JPMorgan Municipal ETF Stock Performance

JPMorgan Municipal ETF stock opened at $50.50 on Friday. The firm has a market cap of $1.40 billion, a PE ratio of 10.22 and a beta of 0.08. The firm has a 50 day moving average price of $50.98 and a 200 day moving average price of $50.63.

JPMorgan Municipal ETF Increases Dividend

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

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.