Wealth Enhancement Advisory Services LLC Has $36.13 Million Holdings in JPMorgan Municipal ETF (BATS:JMUB)

Wealth Enhancement Advisory Services LLC grew its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 5.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 712,082 shares of the company’s stock after acquiring an additional 35,857 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in JPMorgan Municipal ETF were worth $36,131,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of JMUB. PNC Financial Services Group Inc. raised its position in shares of JPMorgan Municipal ETF by 29.7% in the third quarter. PNC Financial Services Group Inc. now owns 4,594 shares of the company’s stock valued at $222,000 after buying an additional 1,053 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of JPMorgan Municipal ETF in the third quarter valued at approximately $447,000. Envestnet Asset Management Inc. raised its position in shares of JPMorgan Municipal ETF by 130.0% in the third quarter. Envestnet Asset Management Inc. now owns 209,453 shares of the company’s stock valued at $10,131,000 after buying an additional 118,404 shares in the last quarter. Mariner LLC raised its position in shares of JPMorgan Municipal ETF by 3.9% in the third quarter. Mariner LLC now owns 10,355 shares of the company’s stock valued at $501,000 after buying an additional 385 shares in the last quarter. Finally, Morningstar Investment Services LLC raised its position in shares of JPMorgan Municipal ETF by 36.3% in the third quarter. Morningstar Investment Services LLC now owns 412,861 shares of the company’s stock valued at $19,958,000 after buying an additional 109,876 shares in the last quarter.

JPMorgan Municipal ETF Stock Performance

JMUB traded up $0.04 during trading on Thursday, hitting $50.47. 132,644 shares of the stock traded hands. The firm has a market cap of $1.40 billion, a P/E ratio of 10.22 and a beta of 0.08. The business’s fifty day moving average is $50.30 and its 200 day moving average is $50.57.

JPMorgan Municipal ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, June 5th. Shareholders of record on Monday, June 3rd were given a dividend of $0.1497 per share. This is an increase from JPMorgan Municipal ETF’s previous dividend of $0.14. The ex-dividend date was Monday, June 3rd.

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.