JPMorgan Municipal ETF $JMUB Stock Holdings Increased by Washington Trust Bank

Washington Trust Bank grew its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 924.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 146,599 shares of the company’s stock after acquiring an additional 132,290 shares during the period. Washington Trust Bank owned about 0.24% of JPMorgan Municipal ETF worth $7,277,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Kestra Advisory Services LLC lifted its stake in JPMorgan Municipal ETF by 9.4% in the 1st quarter. Kestra Advisory Services LLC now owns 78,973 shares of the company’s stock worth $3,949,000 after acquiring an additional 6,787 shares in the last quarter. Spire Wealth Management lifted its stake in JPMorgan Municipal ETF by 28,330.0% in the 2nd quarter. Spire Wealth Management now owns 5,686 shares of the company’s stock worth $282,000 after acquiring an additional 5,666 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in JPMorgan Municipal ETF in the 2nd quarter worth about $230,000. Buck Wealth Strategies LLC purchased a new stake in JPMorgan Municipal ETF in the 2nd quarter worth about $227,000. Finally, Madison Wealth Partners Inc lifted its stake in JPMorgan Municipal ETF by 5.3% in the 2nd quarter. Madison Wealth Partners Inc now owns 6,749 shares of the company’s stock worth $335,000 after acquiring an additional 340 shares in the last quarter.

JPMorgan Municipal ETF Trading Up 1.6%

Shares of JPMorgan Municipal ETF stock opened at $50.58 on Thursday. JPMorgan Municipal ETF has a 1 year low of $47.95 and a 1 year high of $51.31. The stock has a 50-day moving average price of $50.38 and a 200 day moving average price of $49.74. The company has a market cap of $3.10 billion, a P/E ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, October 23rd. Investors of record on Tuesday, October 21st were paid a $0.1214 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend 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.