NewEdge Advisors LLC Has $2.39 Million Stake in JPMorgan Municipal ETF (BATS:JMUB)

NewEdge Advisors LLC grew its stake in JPMorgan Municipal ETF (BATS:JMUB) by 9.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 47,553 shares of the company’s stock after buying an additional 4,074 shares during the quarter. NewEdge Advisors LLC’s holdings in JPMorgan Municipal ETF were worth $2,385,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Mariner LLC raised its stake in shares of JPMorgan Municipal ETF by 72.9% in the 4th quarter. Mariner LLC now owns 115,843 shares of the company’s stock valued at $5,810,000 after acquiring an additional 48,861 shares in the last quarter. Sagespring Wealth Partners LLC bought a new position in shares of JPMorgan Municipal ETF in the fourth quarter valued at approximately $516,000. Rockefeller Capital Management L.P. lifted its stake in shares of JPMorgan Municipal ETF by 2.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 593,711 shares of the company’s stock worth $29,776,000 after buying an additional 15,562 shares during the last quarter. NFP Retirement Inc. boosted its holdings in shares of JPMorgan Municipal ETF by 141.9% during the 4th quarter. NFP Retirement Inc. now owns 33,933 shares of the company’s stock worth $1,702,000 after buying an additional 19,906 shares during the period. Finally, Legacy Financial Advisors Inc. grew its stake in JPMorgan Municipal ETF by 3.8% in the 4th quarter. Legacy Financial Advisors Inc. now owns 293,820 shares of the company’s stock valued at $14,735,000 after buying an additional 10,672 shares during the last quarter.

JPMorgan Municipal ETF Price Performance

Shares of JMUB opened at $49.04 on Tuesday. The company has a market capitalization of $2.61 billion, a PE ratio of 9.82 and a beta of 0.19. JPMorgan Municipal ETF has a one year low of $47.95 and a one year high of $51.31. The company’s fifty day moving average price is $49.94 and its 200 day moving average price is $50.29.

JPMorgan Municipal ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were paid a $0.1429 dividend. The ex-dividend date was Monday, March 3rd. This is a positive change from JPMorgan Municipal ETF’s previous dividend of $0.13.

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.