Mills Wealth Advisors LLC Increases Position in JPMorgan Municipal ETF (BATS:JMUB)

Mills Wealth Advisors LLC raised its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 89.1% in the 4th quarter, Holdings Channel reports. The firm owned 147,680 shares of the company’s stock after acquiring an additional 69,583 shares during the period. JPMorgan Municipal ETF makes up 4.2% of Mills Wealth Advisors LLC’s investment portfolio, making the stock its 8th largest holding. Mills Wealth Advisors LLC’s holdings in JPMorgan Municipal ETF were worth $7,406,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Sunbelt Securities Inc. lifted its position in shares of JPMorgan Municipal ETF by 208.0% in the third quarter. Sunbelt Securities Inc. now owns 1,118 shares of the company’s stock worth $57,000 after buying an additional 755 shares in the last quarter. Allworth Financial LP purchased a new stake in shares of JPMorgan Municipal ETF during the 4th quarter worth approximately $77,000. Blue Investment Partners LLC purchased a new position in shares of JPMorgan Municipal ETF in the third quarter valued at $203,000. Aptus Capital Advisors LLC increased its position in JPMorgan Municipal ETF by 291.3% in the third quarter. Aptus Capital Advisors LLC now owns 4,026 shares of the company’s stock worth $206,000 after purchasing an additional 2,997 shares during the last quarter. Finally, Atria Investments Inc purchased a new stake in JPMorgan Municipal ETF during the third quarter valued at $208,000.

JPMorgan Municipal ETF Stock Up 1.7 %

Shares of BATS:JMUB opened at $50.67 on Friday. The business has a 50 day simple moving average of $50.26 and a two-hundred day simple moving average of $50.63. The stock has a market cap of $1.41 billion, a PE ratio of 10.19 and a beta of 0.08.

JPMorgan Municipal ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were given a dividend of $0.1299 per share. The ex-dividend date of this dividend was Monday, February 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.