Orion Porfolio Solutions LLC Has $33.49 Million Stake in JPMorgan Municipal ETF $JMUB

Orion Porfolio Solutions LLC lifted its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 4.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 674,571 shares of the company’s stock after purchasing an additional 25,931 shares during the period. Orion Porfolio Solutions LLC owned 1.10% of JPMorgan Municipal ETF worth $33,486,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its holdings in 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 buying an additional 182,487 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of JPMorgan Municipal ETF by 42.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,899,154 shares of the company’s stock valued at $94,037,000 after acquiring an additional 569,892 shares during the period. Raymond James Financial Inc. boosted its position in shares of JPMorgan Municipal ETF by 16.0% in the second quarter. Raymond James Financial Inc. now owns 1,763,230 shares of the company’s stock valued at $87,527,000 after acquiring an additional 243,751 shares during the period. Ameriprise Financial Inc. grew its stake in shares of 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 acquiring an additional 447,054 shares in the last quarter. Finally, Cetera Investment Advisers increased its position 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 acquiring an additional 212,407 shares during the period.

JPMorgan Municipal ETF Stock Up 1.4%

BATS JMUB opened at $50.50 on Friday. The company has a market capitalization of $3.10 billion, a P/E ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 12-month low of $47.95 and a 12-month high of $51.31. The firm has a 50-day moving average price of $50.62 and a two-hundred day moving average price of $49.97.

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. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date 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.