Verus Capital Partners LLC Buys 49,275 Shares of JPMorgan Municipal ETF $JMUB

Verus Capital Partners LLC lifted its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 40.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 171,824 shares of the company’s stock after acquiring an additional 49,275 shares during the period. Verus Capital Partners LLC’s holdings in JPMorgan Municipal ETF were worth $8,672,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Royal Bank of Canada grew its stake in shares of JPMorgan Municipal ETF by 12.1% in the 1st quarter. Royal Bank of Canada now owns 100,198 shares of the company’s stock valued at $5,010,000 after buying an additional 10,823 shares during the period. AQR Capital Management LLC increased its stake in JPMorgan Municipal ETF by 37.4% during the 1st quarter. AQR Capital Management LLC now owns 10,756 shares of the company’s stock valued at $538,000 after purchasing an additional 2,927 shares in the last quarter. D.A. Davidson & CO. acquired a new position in JPMorgan Municipal ETF during the second quarter worth $230,000. Envestnet Asset Management Inc. raised its holdings in JPMorgan Municipal ETF by 3.6% during the second quarter. Envestnet Asset Management Inc. now owns 1,059,800 shares of the company’s stock worth $52,608,000 after buying an additional 37,286 shares during the last quarter. Finally, Brookwood Investment Group LLC lifted its stake in shares of JPMorgan Municipal ETF by 10.5% in the second quarter. Brookwood Investment Group LLC now owns 19,482 shares of the company’s stock valued at $967,000 after buying an additional 1,849 shares in the last quarter.

JPMorgan Municipal ETF Price Performance

BATS:JMUB opened at $51.13 on Monday. JPMorgan Municipal ETF has a one year low of $47.95 and a one year high of $51.14. The company has a market cap of $3.14 billion, a PE ratio of 9.96 and a beta of 0.21. The firm has a 50-day moving average of $50.75 and a 200-day moving average of $50.46.

JPMorgan Municipal ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.1414 per share. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend 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.