JFS Wealth Advisors LLC Boosts Position in JPMorgan Municipal ETF $JMUB

JFS Wealth Advisors LLC lifted its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 102.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,758 shares of the company’s stock after acquiring an additional 61,005 shares during the quarter. JFS Wealth Advisors LLC owned approximately 0.20% of JPMorgan Municipal ETF worth $6,099,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goodman Advisory Group LLC purchased a new position in JPMorgan Municipal ETF during the 3rd quarter valued at $37,000. Franklin Resources Inc. purchased a new stake in shares of JPMorgan Municipal ETF in the 3rd quarter worth about $41,000. Archer Investment Corp bought a new stake in shares of JPMorgan Municipal ETF during the 3rd quarter valued at about $58,000. Fifth Third Bancorp bought a new stake in shares of JPMorgan Municipal ETF during the 3rd quarter valued at about $61,000. Finally, Imprint Wealth LLC bought a new stake in shares of JPMorgan Municipal ETF during the 3rd quarter valued at about $63,000.

JPMorgan Municipal ETF Trading Down 0.0%

Shares of JMUB opened at $49.87 on Friday. JPMorgan Municipal ETF has a 1-year low of $47.95 and a 1-year high of $51.34. The firm’s 50-day moving average price is $50.74 and its 200-day moving average price is $50.64. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Increases Dividend

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

About JPMorgan Municipal ETF

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.