Elequin Capital LP Grows Stake in JPMorgan Municipal ETF $JMUB

Elequin Capital LP increased its position in JPMorgan Municipal ETF (BATS:JMUB) by 1,955.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 121,690 shares of the company’s stock after acquiring an additional 115,770 shares during the period. JPMorgan Municipal ETF comprises about 0.3% of Elequin Capital LP’s investment portfolio, making the stock its 14th biggest holding. Elequin Capital LP’s holdings in JPMorgan Municipal ETF were worth $6,142,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada boosted its position in JPMorgan Municipal ETF by 12.1% in the first quarter. Royal Bank of Canada now owns 100,198 shares of the company’s stock worth $5,010,000 after purchasing an additional 10,823 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of JPMorgan Municipal ETF by 37.4% in the 1st quarter. AQR Capital Management LLC now owns 10,756 shares of the company’s stock worth $538,000 after purchasing an additional 2,927 shares during the period. Creative Planning bought a new position in shares of JPMorgan Municipal ETF in the 2nd quarter worth approximately $489,000. Cetera Investment Advisers boosted its holdings in shares of JPMorgan Municipal ETF by 18.8% in the second quarter. Cetera Investment Advisers now owns 1,343,673 shares of the company’s stock worth $66,700,000 after buying an additional 212,407 shares during the last quarter. Finally, Keyvantage Wealth LLC boosted its holdings in shares of JPMorgan Municipal ETF by 3.6% in the second quarter. Keyvantage Wealth LLC now owns 124,825 shares of the company’s stock worth $6,196,000 after buying an additional 4,369 shares during the last quarter.

JPMorgan Municipal ETF Trading Up 0.2%

Shares of BATS JMUB opened at $50.53 on Friday. JPMorgan Municipal ETF has a 12-month low of $47.95 and a 12-month high of $51.34. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The firm has a 50 day moving average of $50.85 and a 200 day moving average of $50.61.

JPMorgan Municipal ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.1538 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.7%. This is a boost from JPMorgan Municipal ETF’s previous monthly dividend of $0.14.

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.