JPMorgan Municipal ETF $JMUB Stock Holdings Lifted by Diversified Portfolios Inc.

Diversified Portfolios Inc. grew its position in JPMorgan Municipal ETF (BATS:JMUB) by 23.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 231,492 shares of the company’s stock after acquiring an additional 43,737 shares during the quarter. JPMorgan Municipal ETF makes up about 1.0% of Diversified Portfolios Inc.’s investment portfolio, making the stock its 24th largest holding. Diversified Portfolios Inc.’s holdings in JPMorgan Municipal ETF were worth $11,683,000 at the end of the most recent reporting period.

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

JPMorgan Municipal ETF Trading Up 0.1%

JMUB stock opened at $50.80 on Thursday. JPMorgan Municipal ETF has a 1 year low of $47.95 and a 1 year high of $51.34. The company has a fifty day simple moving average of $50.84 and a 200 day simple moving average of $50.55. The firm has a market cap of $3.12 billion, a PE ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a $0.1538 dividend. This is an increase from JPMorgan Municipal ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, March 2nd.

JPMorgan Municipal ETF Company 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.