JPMorgan Municipal ETF (BATS:JMUB) Position Raised by AllGen Financial Advisors Inc.

AllGen Financial Advisors Inc. raised its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 188,833 shares of the company’s stock after purchasing an additional 11,509 shares during the period. JPMorgan Municipal ETF accounts for 5.0% of AllGen Financial Advisors Inc.’s portfolio, making the stock its 7th largest position. AllGen Financial Advisors Inc. owned approximately 1.67% of JPMorgan Municipal ETF worth $9,623,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in JMUB. Axxcess Wealth Management LLC bought a new position in JPMorgan Municipal ETF in the 4th quarter worth about $210,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of JPMorgan Municipal ETF by 32.7% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 15,106 shares of the company’s stock worth $770,000 after buying an additional 3,726 shares in the last quarter. Aveo Capital Partners LLC grew its holdings in shares of JPMorgan Municipal ETF by 28.0% during the fourth quarter. Aveo Capital Partners LLC now owns 154,684 shares of the company’s stock valued at $7,883,000 after buying an additional 33,828 shares during the last quarter. Benjamin Edwards Inc. bought a new stake in shares of JPMorgan Municipal ETF during the fourth quarter valued at approximately $556,000. Finally, Great Valley Advisor Group Inc. raised its holdings in JPMorgan Municipal ETF by 24.5% in the 4th quarter. Great Valley Advisor Group Inc. now owns 122,265 shares of the company’s stock worth $6,230,000 after acquiring an additional 24,091 shares during the last quarter.

JPMorgan Municipal ETF Stock Performance

JMUB stock traded up $0.09 during midday trading on Friday, hitting $50.24. The company’s stock had a trading volume of 248,389 shares. The business has a 50 day simple moving average of $50.49 and a 200-day simple moving average of $50.21. The stock has a market capitalization of $1.33 billion, a P/E ratio of 10.19 and a beta of 0.07.

JPMorgan Municipal ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, April 4th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.1449 per share. This is an increase from JPMorgan Municipal ETF’s previous dividend of $0.14. The ex-dividend date was Monday, April 1st.

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.