FMA Wealth Management LLC Increases Position in JPMorgan Municipal ETF (BATS:JMUB)

FMA Wealth Management LLC raised its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,978 shares of the company’s stock after acquiring an additional 841 shares during the quarter. JPMorgan Municipal ETF makes up 2.4% of FMA Wealth Management LLC’s investment portfolio, making the stock its 14th largest position. FMA Wealth Management LLC’s holdings in JPMorgan Municipal ETF were worth $3,259,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. LPL Financial LLC increased its holdings in JPMorgan Municipal ETF by 18.7% during the 3rd quarter. LPL Financial LLC now owns 2,506,748 shares of the company’s stock valued at $128,521,000 after acquiring an additional 394,199 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of JPMorgan Municipal ETF by 5.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 768,550 shares of the company’s stock worth $39,404,000 after buying an additional 38,001 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of JPMorgan Municipal ETF by 3.0% during the third quarter. Rockefeller Capital Management L.P. now owns 578,149 shares of the company’s stock worth $29,640,000 after buying an additional 16,794 shares in the last quarter. CENTRAL TRUST Co grew its holdings in shares of JPMorgan Municipal ETF by 16.9% during the third quarter. CENTRAL TRUST Co now owns 528,251 shares of the company’s stock worth $27,083,000 after buying an additional 76,259 shares in the last quarter. Finally, Asio Capital LLC grew its holdings in shares of JPMorgan Municipal ETF by 11.8% during the fourth quarter. Asio Capital LLC now owns 518,525 shares of the company’s stock worth $26,077,000 after buying an additional 54,823 shares in the last quarter.

JPMorgan Municipal ETF Trading Up 1.1 %

Shares of BATS JMUB opened at $50.34 on Thursday. The business’s 50 day moving average price is $50.26 and its 200-day moving average price is $50.64. The stock has a market capitalization of $1.40 billion, a P/E ratio of 10.19 and a beta of 0.08.

JPMorgan Municipal ETF Cuts Dividend

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