TIAA Trust National Association Buys 315,894 Shares of JPMorgan Municipal ETF $JMUB

TIAA Trust National Association increased its stake in JPMorgan Municipal ETF (BATS:JMUB) by 53.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 910,262 shares of the company’s stock after purchasing an additional 315,894 shares during the quarter. TIAA Trust National Association owned 1.48% of JPMorgan Municipal ETF worth $45,185,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. ST Germain D J Co. Inc. purchased a new position in shares of JPMorgan Municipal ETF in the 2nd quarter worth $25,000. Financial Gravity Asset Management Inc. purchased a new stake in JPMorgan Municipal ETF during the first quarter valued at $28,000. Briaud Financial Planning Inc bought a new position in JPMorgan Municipal ETF in the second quarter valued at about $48,000. Abound Wealth Management purchased a new position in JPMorgan Municipal ETF in the second quarter worth about $78,000. Finally, Ameriflex Group Inc. boosted its position in JPMorgan Municipal ETF by 360.0% in the second quarter. Ameriflex Group Inc. now owns 2,300 shares of the company’s stock worth $114,000 after purchasing an additional 1,800 shares during the last quarter.

JPMorgan Municipal ETF Stock Up 1.7%

BATS JMUB opened at $50.66 on Friday. JPMorgan Municipal ETF has a 52 week low of $47.95 and a 52 week high of $51.31. The firm has a market capitalization of $3.11 billion, a P/E ratio of 9.96 and a beta of 0.21. The company has a 50-day moving average price of $50.31 and a 200-day moving average price of $49.71.

JPMorgan Municipal ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, October 23rd. Investors of record on Tuesday, October 21st were given a dividend of $0.1214 per share. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date was Tuesday, October 21st.

JPMorgan Municipal ETF Company 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.