JPMorgan Municipal ETF $JMUB Shares Purchased by Huntington National Bank

Huntington National Bank raised its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 22.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 363,391 shares of the company’s stock after purchasing an additional 66,593 shares during the quarter. Huntington National Bank’s holdings in JPMorgan Municipal ETF were worth $18,340,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of JMUB. Meeder Advisory Services Inc. lifted its holdings in JPMorgan Municipal ETF by 7.9% in the 3rd quarter. Meeder Advisory Services Inc. now owns 2,940,215 shares of the company’s stock valued at $148,393,000 after acquiring an additional 214,112 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of JPMorgan Municipal ETF by 33.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,540,890 shares of the company’s stock valued at $128,035,000 after purchasing an additional 641,736 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 purchasing an additional 182,487 shares in the last quarter. Raymond James Financial Inc. raised 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 worth $87,527,000 after buying an additional 243,751 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in JPMorgan Municipal ETF by 40.0% during the second 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 in the last quarter.

JPMorgan Municipal ETF Price Performance

JPMorgan Municipal ETF stock opened at $51.30 on Friday. The company has a market cap of $3.15 billion, a P/E ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a fifty-two week low of $47.95 and a fifty-two week high of $51.34. The firm’s 50 day simple moving average is $50.82 and its 200-day simple moving average is $50.51.

JPMorgan Municipal ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued a $0.1414 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%.

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.