Riversedge Advisors LLC Has $3.84 Million Position in JPMorgan Municipal ETF (BATS:JMUB)

Riversedge Advisors LLC boosted its position in JPMorgan Municipal ETF (BATS:JMUB) by 9.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,298 shares of the company’s stock after purchasing an additional 6,339 shares during the quarter. JPMorgan Municipal ETF comprises about 0.9% of Riversedge Advisors LLC’s portfolio, making the stock its 24th biggest holding. Riversedge Advisors LLC owned approximately 0.27% of JPMorgan Municipal ETF worth $3,844,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of JMUB. Summit Financial Strategies Inc. bought a new stake in shares of JPMorgan Municipal ETF during the 4th quarter worth $322,000. Summit X LLC increased its holdings in JPMorgan Municipal ETF by 14.0% in the 4th quarter. Summit X LLC now owns 26,718 shares of the company’s stock worth $1,362,000 after purchasing an additional 3,280 shares in the last quarter. CENTRAL TRUST Co increased its holdings in JPMorgan Municipal ETF by 2.8% in the 1st quarter. CENTRAL TRUST Co now owns 432,320 shares of the company’s stock worth $21,936,000 after purchasing an additional 11,823 shares in the last quarter. Clearwater Capital Advisors LLC acquired a new position in JPMorgan Municipal ETF in the 4th quarter worth about $1,698,000. Finally, Beta Wealth Group Inc. acquired a new position in JPMorgan Municipal ETF in the 4th quarter worth about $9,794,000.

JPMorgan Municipal ETF Price Performance

JMUB traded down $0.02 on Wednesday, reaching $50.93. The stock had a trading volume of 239,085 shares. The firm’s fifty day moving average price is $50.71 and its 200-day moving average price is $50.55. The stock has a market cap of $1.41 billion, a P/E ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Monday, July 1st were paid a $0.1482 dividend. The ex-dividend date of this dividend was Monday, July 1st.

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.