Signature Estate & Investment Advisors LLC Increases Stock Holdings in JPMorgan Municipal ETF $JMUB

Signature Estate & Investment Advisors LLC increased its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 10.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 208,170 shares of the company’s stock after purchasing an additional 20,143 shares during the quarter. Signature Estate & Investment Advisors LLC owned 0.34% of JPMorgan Municipal ETF worth $10,506,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of JMUB. Meeder Advisory Services Inc. boosted its stake in JPMorgan Municipal ETF by 7.9% during the third quarter. Meeder Advisory Services Inc. now owns 2,940,215 shares of the company’s stock worth $148,393,000 after buying an additional 214,112 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of JPMorgan Municipal ETF by 33.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,540,890 shares of the company’s stock worth $128,035,000 after acquiring an additional 641,736 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of JPMorgan Municipal ETF by 8.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,382,007 shares of the company’s stock worth $118,243,000 after purchasing an additional 182,487 shares during the period. Raymond James Financial Inc. grew its holdings in JPMorgan Municipal ETF by 16.0% during the 2nd quarter. Raymond James Financial Inc. now owns 1,763,230 shares of the company’s stock valued at $87,527,000 after purchasing an additional 243,751 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in JPMorgan Municipal ETF by 40.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,563,490 shares of the company’s stock valued at $77,572,000 after purchasing an additional 447,054 shares during the last quarter.

JPMorgan Municipal ETF Price Performance

Shares of BATS JMUB opened at $50.86 on Friday. The company has a market cap of $3.12 billion, a P/E ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 1 year low of $47.95 and a 1 year high of $51.31. The firm has a 50-day simple moving average of $50.65 and a two-hundred day simple moving average of $50.33.

JPMorgan Municipal ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued a $0.1414 dividend. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Monday, February 2nd.

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.