Hartford Financial Management Inc. Raises Holdings in JPMorgan Municipal ETF (BATS:JMUB)

Hartford Financial Management Inc. grew its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 2.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 232,758 shares of the company’s stock after acquiring an additional 5,686 shares during the period. JPMorgan Municipal ETF comprises about 2.4% of Hartford Financial Management Inc.’s holdings, making the stock its 6th largest holding. Hartford Financial Management Inc. owned about 0.84% of JPMorgan Municipal ETF worth $11,934,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. bought a new position in shares of JPMorgan Municipal ETF in the 2nd quarter worth approximately $58,000. ICA Group Wealth Management LLC boosted its position in shares of JPMorgan Municipal ETF by 62.9% during the 2nd quarter. ICA Group Wealth Management LLC now owns 1,165 shares of the company’s stock valued at $59,000 after acquiring an additional 450 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new stake in shares of JPMorgan Municipal ETF during the 1st quarter valued at about $85,000. Madison Wealth Partners Inc bought a new position in JPMorgan Municipal ETF during the second quarter valued at $212,000. Finally, Avantax Advisory Services Inc. purchased a new position in JPMorgan Municipal ETF during the 1st quarter valued at $214,000.

JPMorgan Municipal ETF Price Performance

Shares of JMUB stock opened at $50.51 on Friday. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 10.22 and a beta of 0.08. The business’s fifty day simple moving average is $50.95 and its 200-day simple moving average is $50.64.

JPMorgan Municipal ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, September 5th. Shareholders of record on Tuesday, September 3rd were given a $0.1506 dividend. The ex-dividend date was Tuesday, September 3rd. This is a boost from JPMorgan Municipal ETF’s previous dividend of $0.15.

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.