Oakwell Private Wealth Management LLC Grows Stake in JPMorgan Municipal ETF $JMUB

Oakwell Private Wealth Management LLC raised its stake in JPMorgan Municipal ETF (BATS:JMUB) by 4.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 150,167 shares of the company’s stock after acquiring an additional 6,894 shares during the quarter. JPMorgan Municipal ETF makes up 1.7% of Oakwell Private Wealth Management LLC’s holdings, making the stock its 12th biggest position. Oakwell Private Wealth Management LLC owned approximately 0.24% of JPMorgan Municipal ETF worth $7,454,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Huntington National Bank boosted its stake in JPMorgan Municipal ETF by 16.7% in the second quarter. Huntington National Bank now owns 296,798 shares of the company’s stock valued at $14,733,000 after acquiring an additional 42,569 shares during the last quarter. Marion Wealth Management boosted its stake in JPMorgan Municipal ETF by 32.2% in the second quarter. Marion Wealth Management now owns 21,398 shares of the company’s stock valued at $1,062,000 after acquiring an additional 5,216 shares during the last quarter. Bridgewater Advisors Inc. purchased a new position in JPMorgan Municipal ETF in the second quarter valued at about $5,571,000. Sigma Planning Corp boosted its stake in JPMorgan Municipal ETF by 29.9% in the second quarter. Sigma Planning Corp now owns 11,131 shares of the company’s stock valued at $553,000 after acquiring an additional 2,564 shares during the last quarter. Finally, TIAA Trust National Association boosted its stake in JPMorgan Municipal ETF by 53.1% in the second quarter. TIAA Trust National Association now owns 910,262 shares of the company’s stock valued at $45,185,000 after acquiring an additional 315,894 shares during the last quarter.

JPMorgan Municipal ETF Stock Up 1.6%

BATS JMUB opened at $50.61 on Tuesday. The company’s 50 day moving average is $50.34 and its 200-day moving average is $49.72. JPMorgan Municipal ETF has a 12-month low of $47.95 and a 12-month high of $51.31. The firm 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 firm also recently declared a monthly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Tuesday, October 21st were given a $0.1214 dividend. The ex-dividend date of this dividend was Tuesday, October 21st. This represents a c) annualized dividend and a dividend yield of 2.9%.

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.