NewEdge Wealth LLC Has $1.99 Million Holdings in JPMorgan Municipal ETF (BATS:JMUB)

NewEdge Wealth LLC grew its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 34.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,583 shares of the company’s stock after purchasing an additional 10,245 shares during the quarter. NewEdge Wealth LLC owned approximately 0.14% of JPMorgan Municipal ETF worth $1,985,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of JMUB. Fifth Third Securities Inc. lifted its stake in JPMorgan Municipal ETF by 3.7% in the fourth quarter. Fifth Third Securities Inc. now owns 8,290 shares of the company’s stock valued at $416,000 after buying an additional 292 shares during the period. Stone Point Wealth LLC raised its position in shares of JPMorgan Municipal ETF by 3.3% in the 3rd quarter. Stone Point Wealth LLC now owns 9,496 shares of the company’s stock valued at $487,000 after acquiring an additional 300 shares during the period. D Orazio & Associates Inc. boosted its stake in JPMorgan Municipal ETF by 6.6% during the 3rd quarter. D Orazio & Associates Inc. now owns 4,975 shares of the company’s stock worth $255,000 after acquiring an additional 308 shares during the last quarter. Walkner Condon Financial Advisors LLC grew its holdings in JPMorgan Municipal ETF by 1.4% during the fourth quarter. Walkner Condon Financial Advisors LLC now owns 22,206 shares of the company’s stock valued at $1,114,000 after purchasing an additional 313 shares during the period. Finally, Meridian Financial LLC increased its stake in JPMorgan Municipal ETF by 6.8% in the fourth quarter. Meridian Financial LLC now owns 5,938 shares of the company’s stock valued at $298,000 after purchasing an additional 378 shares in the last quarter.

JPMorgan Municipal ETF Trading Up 1.9 %

JMUB opened at $50.76 on Friday. The stock has a fifty day moving average price of $50.27 and a two-hundred day moving average price of $50.62. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 10.19 and a beta of 0.08.

JPMorgan Municipal ETF Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, March 3rd will be paid a dividend of $0.1429 per share. The ex-dividend date is Monday, March 3rd. This is an increase from JPMorgan Municipal ETF’s previous dividend of $0.13.

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.