JPMorgan Municipal ETF (BATS:JMUB) Shares Purchased by Freedom Investment Management Inc.

Freedom Investment Management Inc. raised its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 2.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 67,968 shares of the company’s stock after acquiring an additional 1,355 shares during the period. Freedom Investment Management Inc.’s holdings in JPMorgan Municipal ETF were worth $3,485,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC grew its stake in shares of JPMorgan Municipal ETF by 18.7% in the 3rd quarter. LPL Financial LLC now owns 2,506,748 shares of the company’s stock valued at $128,521,000 after buying an additional 394,199 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in JPMorgan Municipal ETF by 9.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,130,986 shares of the company’s stock worth $56,973,000 after acquiring an additional 94,579 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in JPMorgan Municipal ETF by 205.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 853,485 shares of the company’s stock valued at $42,994,000 after purchasing an additional 574,470 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of JPMorgan Municipal ETF by 5.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 768,550 shares of the company’s stock valued at $39,404,000 after purchasing an additional 38,001 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of JPMorgan Municipal ETF by 119.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 650,088 shares of the company’s stock worth $32,748,000 after purchasing an additional 354,185 shares during the period.

JPMorgan Municipal ETF Stock Performance

Shares of JMUB opened at $50.77 on Wednesday. The firm has a 50-day moving average of $50.75 and a 200-day moving average of $50.68. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Increases Dividend

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

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.