JPMorgan Municipal ETF (BATS:JMUB) is Stephens Consulting LLC’s 7th Largest Position

Stephens Consulting LLC raised its position in JPMorgan Municipal ETF (BATS:JMUB) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 312,530 shares of the company’s stock after purchasing an additional 10,372 shares during the quarter. JPMorgan Municipal ETF makes up approximately 3.9% of Stephens Consulting LLC’s holdings, making the stock its 7th biggest position. Stephens Consulting LLC’s holdings in JPMorgan Municipal ETF were worth $15,673,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. raised its stake in JPMorgan Municipal ETF by 208.0% during the third quarter. Sunbelt Securities Inc. now owns 1,118 shares of the company’s stock worth $57,000 after acquiring an additional 755 shares in the last quarter. Blue Investment Partners LLC bought a new stake in JPMorgan Municipal ETF during the 3rd quarter worth about $203,000. Aptus Capital Advisors LLC grew its holdings in JPMorgan Municipal ETF by 291.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 4,026 shares of the company’s stock worth $206,000 after acquiring an additional 2,997 shares during the period. Atria Investments Inc bought a new stake in JPMorgan Municipal ETF in the third quarter valued at approximately $208,000. Finally, Vawter Financial Ltd. bought a new position in shares of JPMorgan Municipal ETF during the 3rd quarter valued at about $214,000.

JPMorgan Municipal ETF Trading Up 1.0 %

Shares of JPMorgan Municipal ETF stock opened at $50.31 on Tuesday. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 10.22 and a beta of 0.08. The firm has a 50 day moving average price of $50.39 and a 200-day moving average price of $50.68.

JPMorgan Municipal ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd will be paid a $0.1299 dividend. The ex-dividend date is Monday, February 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.