Opal Wealth Advisors LLC Boosts Stake in JPMorgan Municipal ETF $JMUB

Opal Wealth Advisors LLC increased its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 62.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 93,458 shares of the company’s stock after purchasing an additional 35,973 shares during the quarter. JPMorgan Municipal ETF accounts for approximately 1.3% of Opal Wealth Advisors LLC’s portfolio, making the stock its 11th biggest position. Opal Wealth Advisors LLC’s holdings in JPMorgan Municipal ETF were worth $4,717,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of JMUB. Northwestern Mutual Wealth Management Co. raised its stake in shares of JPMorgan Municipal ETF by 8.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,382,007 shares of the company’s stock valued at $118,243,000 after acquiring an additional 182,487 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in JPMorgan Municipal ETF by 42.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,899,154 shares of the company’s stock valued at $94,037,000 after purchasing an additional 569,892 shares during the last quarter. Raymond James Financial Inc. increased its holdings in JPMorgan Municipal ETF by 16.0% in the 2nd quarter. Raymond James Financial Inc. now owns 1,763,230 shares of the company’s stock valued at $87,527,000 after purchasing an additional 243,751 shares during the last quarter. Ameriprise Financial Inc. raised its position in JPMorgan Municipal ETF by 40.0% in the second quarter. Ameriprise Financial Inc. now owns 1,563,490 shares of the company’s stock valued at $77,572,000 after purchasing an additional 447,054 shares during the period. Finally, Cetera Investment Advisers lifted its stake in JPMorgan Municipal ETF by 18.8% during the second quarter. Cetera Investment Advisers now owns 1,343,673 shares of the company’s stock worth $66,700,000 after purchasing an additional 212,407 shares in the last quarter.

JPMorgan Municipal ETF Trading Up 1.9%

JMUB stock opened at $50.76 on Friday. The business’s fifty day moving average price is $50.62 and its 200 day moving average price is $50.14. JPMorgan Municipal ETF has a 12-month low of $47.95 and a 12-month high of $51.31. The company has a market capitalization of $3.11 billion, a PE 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. Stockholders of record on Tuesday, October 21st were paid a $0.1214 dividend. This represents a c) annualized dividend and a dividend 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.