Farther Finance Advisors LLC Boosts Stock Holdings in JPMorgan Municipal ETF (BATS:JMUB)

Farther Finance Advisors LLC lifted its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 43.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,470 shares of the company’s stock after purchasing an additional 1,972 shares during the period. Farther Finance Advisors LLC’s holdings in JPMorgan Municipal ETF were worth $332,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in JMUB. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of JPMorgan Municipal ETF by 205.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 853,485 shares of the company’s stock worth $42,994,000 after purchasing an additional 574,470 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in JPMorgan Municipal ETF by 119.7% in the second quarter. Envestnet Asset Management Inc. now owns 650,088 shares of the company’s stock valued at $32,748,000 after acquiring an additional 354,185 shares during the last quarter. LPL Financial LLC lifted its holdings in JPMorgan Municipal ETF by 11.2% in the second quarter. LPL Financial LLC now owns 2,112,549 shares of the company’s stock valued at $106,420,000 after acquiring an additional 212,185 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in JPMorgan Municipal ETF in the first quarter valued at approximately $7,483,000. Finally, Smith & Howard Wealth Management LLC lifted its holdings in JPMorgan Municipal ETF by 70.3% in the second quarter. Smith & Howard Wealth Management LLC now owns 282,002 shares of the company’s stock valued at $14,206,000 after acquiring an additional 116,432 shares during the last quarter.

JPMorgan Municipal ETF Stock Up 0.6 %

JMUB opened at $50.52 on Friday. The firm has a market capitalization of $1.40 billion, a PE ratio of 10.22 and a beta of 0.08. The firm has a 50 day simple moving average of $50.87 and a 200 day simple moving average of $50.65.

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 issued a $0.1506 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This is a boost from JPMorgan Municipal ETF’s previous dividend of $0.15.

JPMorgan Municipal ETF Profile

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.