Opal Wealth Advisors LLC Boosts Position in JPMorgan Municipal ETF (BATS:JMUB)

Opal Wealth Advisors LLC raised its stake in JPMorgan Municipal ETF (BATS:JMUB) by 11.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 259,834 shares of the company’s stock after purchasing an additional 26,756 shares during the period. JPMorgan Municipal ETF accounts for approximately 3.9% of Opal Wealth Advisors LLC’s holdings, making the stock its 6th biggest holding. Opal Wealth Advisors LLC owned 0.94% of JPMorgan Municipal ETF worth $13,031,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. LPL Financial LLC lifted its stake in JPMorgan Municipal ETF by 18.7% during the third quarter. LPL Financial LLC now owns 2,506,748 shares of the company’s stock worth $128,521,000 after purchasing an additional 394,199 shares during the last quarter. Marcum Wealth LLC acquired a new stake in shares of JPMorgan Municipal ETF during the fourth quarter worth $16,720,000. Raymond James & Associates lifted its position in shares of JPMorgan Municipal ETF by 40.1% in the 3rd quarter. Raymond James & Associates now owns 404,255 shares of the company’s stock worth $20,726,000 after buying an additional 115,690 shares during the last quarter. Magnus Financial Group LLC boosted its holdings in shares of JPMorgan Municipal ETF by 48.6% in the 3rd quarter. Magnus Financial Group LLC now owns 322,192 shares of the company’s stock valued at $16,519,000 after buying an additional 105,360 shares during the period. Finally, Ameritas Advisory Services LLC grew its position in shares of JPMorgan Municipal ETF by 89.3% during the 4th quarter. Ameritas Advisory Services LLC now owns 193,660 shares of the company’s stock valued at $9,712,000 after buying an additional 91,376 shares during the last quarter.

JPMorgan Municipal ETF Stock Up 1.2 %

Shares of BATS JMUB opened at $50.41 on Monday. The stock has a 50-day simple moving average of $50.35 and a 200-day simple moving average of $50.67. The company has a market capitalization of $1.40 billion, a PE 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, February 5th. Investors of record on Monday, February 3rd were issued a $0.1299 dividend. The ex-dividend date was Monday, February 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.