Private Advisor Group LLC Buys 15,244 Shares of JPMorgan Municipal ETF $JMUB

Private Advisor Group LLC increased its stake in JPMorgan Municipal ETF (BATS:JMUB) by 12.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 135,678 shares of the company’s stock after purchasing an additional 15,244 shares during the quarter. Private Advisor Group LLC’s holdings in JPMorgan Municipal ETF were worth $6,848,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Avantax Advisory Services Inc. grew its holdings in JPMorgan Municipal ETF by 2,438.3% during the second quarter. Avantax Advisory Services Inc. now owns 897,843 shares of the company’s stock valued at $44,569,000 after purchasing an additional 862,471 shares during the period. Bank of America Corp DE increased its position in JPMorgan Municipal ETF by 152.3% in the second quarter. Bank of America Corp DE now owns 1,101,672 shares of the company’s stock worth $54,687,000 after buying an additional 665,100 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of JPMorgan Municipal ETF by 33.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,540,890 shares of the company’s stock valued at $128,035,000 after buying an additional 641,736 shares during the period. Avantax Planning Partners Inc. raised its stake in shares of JPMorgan Municipal ETF by 88.8% in the third quarter. Avantax Planning Partners Inc. now owns 1,160,184 shares of the company’s stock valued at $58,554,000 after buying an additional 545,783 shares during the period. Finally, Lebenthal Global Advisors LLC purchased a new position in shares of JPMorgan Municipal ETF during the 3rd quarter valued at $23,839,000.

JPMorgan Municipal ETF Stock Performance

JMUB stock opened at $50.42 on Friday. The company has a market capitalization of $3.09 billion, a price-to-earnings 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 stock has a fifty day moving average of $50.85 and a 200-day moving average of $50.59.

JPMorgan Municipal ETF Increases Dividend

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

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.