JPMorgan Municipal ETF $JMUB Shares Purchased by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC boosted its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 104.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 684,085 shares of the company’s stock after purchasing an additional 349,930 shares during the period. Integrated Wealth Concepts LLC owned approximately 1.12% of JPMorgan Municipal ETF worth $34,526,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in JMUB. Hughes Financial Services LLC grew its holdings in shares of JPMorgan Municipal ETF by 5.9% during the third quarter. Hughes Financial Services LLC now owns 80,839 shares of the company’s stock worth $4,099,000 after buying an additional 4,525 shares during the last quarter. Focus Partners Wealth grew its stake in shares of JPMorgan Municipal ETF by 3.2% in the 3rd quarter. Focus Partners Wealth now owns 127,269 shares of the company’s stock valued at $6,423,000 after purchasing an additional 3,898 shares during the last quarter. Elequin Capital LP increased its holdings in shares of JPMorgan Municipal ETF by 1,955.6% in the third quarter. Elequin Capital LP now owns 121,690 shares of the company’s stock valued at $6,142,000 after purchasing an additional 115,770 shares during the period. Citadel Advisors LLC acquired a new position in shares of JPMorgan Municipal ETF in the third quarter valued at approximately $5,669,000. Finally, Bank of America Corp DE raised its stake in shares of JPMorgan Municipal ETF by 13.6% during the third quarter. Bank of America Corp DE now owns 1,251,884 shares of the company’s stock worth $63,183,000 after purchasing an additional 150,212 shares during the last quarter.

JPMorgan Municipal ETF Price Performance

Shares of BATS JMUB opened at $50.53 on Monday. The stock has a fifty day moving average price of $50.85 and a 200 day moving average price of $50.61. JPMorgan Municipal ETF has a 1-year low of $47.95 and a 1-year high of $51.34. The company has a market cap of $3.10 billion, a PE ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were paid a $0.1538 dividend. This is a boost from JPMorgan Municipal ETF’s previous monthly dividend of $0.14. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.7%.

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.