Apollon Wealth Management LLC Grows Holdings in JPMorgan Municipal ETF (BATS:JMUB)

Apollon Wealth Management LLC lifted its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 8.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,293 shares of the company’s stock after buying an additional 10,928 shares during the quarter. Apollon Wealth Management LLC’s holdings in JPMorgan Municipal ETF were worth $7,398,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Western Wealth Management LLC grew its position in shares of JPMorgan Municipal ETF by 2.0% in the 2nd quarter. Western Wealth Management LLC now owns 10,992 shares of the company’s stock worth $554,000 after buying an additional 217 shares during the period. Family Investment Center Inc. grew its position in shares of JPMorgan Municipal ETF by 1.2% in the 3rd quarter. Family Investment Center Inc. now owns 21,716 shares of the company’s stock worth $1,113,000 after buying an additional 254 shares during the period. Stone Point Wealth LLC grew its position in shares of JPMorgan Municipal ETF by 3.3% in the 3rd quarter. Stone Point Wealth LLC now owns 9,496 shares of the company’s stock worth $487,000 after buying an additional 300 shares during the period. ERn Financial LLC grew its position in shares of JPMorgan Municipal ETF by 1.0% in the 2nd quarter. ERn Financial LLC now owns 33,037 shares of the company’s stock worth $1,664,000 after buying an additional 316 shares during the period. Finally, WealthCare Investment Partners LLC grew its position in shares of JPMorgan Municipal ETF by 0.6% in the 3rd quarter. WealthCare Investment Partners LLC now owns 58,498 shares of the company’s stock worth $2,979,000 after buying an additional 333 shares during the period.

JPMorgan Municipal ETF Stock Up 0.0 %

Shares of JMUB stock opened at $50.53 on Tuesday. The company’s 50 day moving average price is $50.87 and its 200-day moving average price is $50.65. The stock has a market cap of $1.40 billion, a P/E ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, September 5th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.1506 per share. This is a boost from JPMorgan Municipal ETF’s previous dividend of $0.15. The ex-dividend date of this dividend was Tuesday, September 3rd.

JPMorgan Municipal ETF Company 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.