JPMorgan Municipal ETF (BATS:JMUB) Shares Bought by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC raised its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 22.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 83,436 shares of the company’s stock after acquiring an additional 15,287 shares during the period. Resonant Capital Advisors LLC’s holdings in JPMorgan Municipal ETF were worth $4,190,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Raymond James & Associates raised its stake in shares of JPMorgan Municipal ETF by 40.1% during the 3rd quarter. Raymond James & Associates now owns 404,255 shares of the company’s stock valued at $20,726,000 after buying an additional 115,690 shares during the last quarter. Sanctuary Advisors LLC raised its stake in shares of JPMorgan Municipal ETF by 33.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 9,094 shares of the company’s stock valued at $460,000 after buying an additional 2,272 shares during the last quarter. Atria Investments Inc purchased a new position in shares of JPMorgan Municipal ETF during the 3rd quarter valued at about $208,000. Cahill Financial Advisors Inc. purchased a new position in shares of JPMorgan Municipal ETF during the 3rd quarter valued at about $267,000. Finally, Jane Street Group LLC increased its stake in shares of JPMorgan Municipal ETF by 95.9% in the 3rd quarter. Jane Street Group LLC now owns 30,946 shares of the company’s stock valued at $1,587,000 after purchasing an additional 15,146 shares in the last quarter.

JPMorgan Municipal ETF Trading Up 1.1 %

Shares of JPMorgan Municipal ETF stock opened at $50.36 on Monday. The company has a fifty day simple moving average of $50.39 and a 200-day simple moving average of $50.68. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, February 5th. Investors of record on Monday, February 3rd will be paid a $0.1299 dividend. The ex-dividend date is 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.