Smithbridge Asset Management Inc. DE Acquires New Stake in JPMorgan Municipal ETF $JMUB

Smithbridge Asset Management Inc. DE acquired a new stake in JPMorgan Municipal ETF (BATS:JMUB) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 28,560 shares of the company’s stock, valued at approximately $1,441,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Meeder Advisory Services Inc. boosted its stake in shares of JPMorgan Municipal ETF by 7.9% during the third quarter. Meeder Advisory Services Inc. now owns 2,940,215 shares of the company’s stock valued at $148,393,000 after purchasing an additional 214,112 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake 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 worth $118,243,000 after buying an additional 182,487 shares during the period. Raymond James Financial Inc. lifted its holdings in JPMorgan Municipal ETF by 16.0% during the 2nd quarter. Raymond James Financial Inc. now owns 1,763,230 shares of the company’s stock valued at $87,527,000 after buying an additional 243,751 shares in the last quarter. Ameriprise Financial Inc. boosted its position in JPMorgan Municipal ETF by 40.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,563,490 shares of the company’s stock valued at $77,572,000 after buying an additional 447,054 shares during the period. Finally, Cetera Investment Advisers boosted its position in JPMorgan Municipal ETF by 18.8% in the 2nd quarter. Cetera Investment Advisers now owns 1,343,673 shares of the company’s stock valued at $66,700,000 after buying an additional 212,407 shares during the period.

JPMorgan Municipal ETF Stock Performance

Shares of BATS:JMUB opened at $50.80 on Friday. The firm’s 50 day simple moving average is $50.63 and its 200-day simple moving average is $50.19. JPMorgan Municipal ETF has a one year low of $47.95 and a one year high of $51.31. The firm has a market cap of $3.12 billion, a PE ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Tuesday, October 21st were issued a dividend of $0.1214 per share. This represents a c) annualized dividend and a 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.