Tortoise Investment Management LLC Purchases New Holdings in JPMorgan Municipal ETF $JMUB

Tortoise Investment Management LLC acquired a new position in JPMorgan Municipal ETF (BATS:JMUB) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 292,528 shares of the company’s stock, valued at approximately $14,521,000. JPMorgan Municipal ETF comprises approximately 1.4% of Tortoise Investment Management LLC’s investment portfolio, making the stock its 20th largest position.

A number of other hedge funds have also recently bought and sold shares of the company. Kestra Advisory Services LLC lifted its stake in shares of JPMorgan Municipal ETF by 9.4% in the 1st quarter. Kestra Advisory Services LLC now owns 78,973 shares of the company’s stock valued at $3,949,000 after purchasing an additional 6,787 shares during the period. Spire Wealth Management raised its position in shares of JPMorgan Municipal ETF by 28,330.0% in the 2nd quarter. Spire Wealth Management now owns 5,686 shares of the company’s stock valued at $282,000 after acquiring an additional 5,666 shares during the period. D.A. Davidson & CO. bought a new position in JPMorgan Municipal ETF during the 2nd quarter worth approximately $230,000. Buck Wealth Strategies LLC acquired a new position in JPMorgan Municipal ETF during the second quarter valued at approximately $227,000. Finally, D Orazio & Associates Inc. increased its stake in JPMorgan Municipal ETF by 66.6% in the second quarter. D Orazio & Associates Inc. now owns 8,811 shares of the company’s stock valued at $437,000 after purchasing an additional 3,521 shares in the last quarter.

JPMorgan Municipal ETF Stock Up 1.6%

Shares of BATS JMUB opened at $50.59 on Friday. JPMorgan Municipal ETF has a twelve month low of $47.95 and a twelve month high of $51.31. The company’s fifty day moving average is $50.54 and its 200-day moving average is $49.81. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Cuts Dividend

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

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.