Larson Financial Group LLC Purchases 25,934 Shares of JPMorgan Municipal ETF $JMUB

Larson Financial Group LLC raised its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 6.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 406,410 shares of the company’s stock after buying an additional 25,934 shares during the quarter. JPMorgan Municipal ETF comprises about 0.7% of Larson Financial Group LLC’s investment portfolio, making the stock its 26th largest holding. Larson Financial Group LLC owned approximately 0.66% of JPMorgan Municipal ETF worth $20,512,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of JMUB. Royal Bank of Canada lifted its position in JPMorgan Municipal ETF by 12.1% during the first quarter. Royal Bank of Canada now owns 100,198 shares of the company’s stock valued at $5,010,000 after acquiring an additional 10,823 shares during the last quarter. AQR Capital Management LLC grew its holdings in JPMorgan Municipal ETF by 37.4% in the first quarter. AQR Capital Management LLC now owns 10,756 shares of the company’s stock worth $538,000 after purchasing an additional 2,927 shares during the last quarter. Creative Planning acquired a new position in shares of JPMorgan Municipal ETF during the second quarter worth $489,000. Kingsview Wealth Management LLC increased its position in shares of JPMorgan Municipal ETF by 24.1% during the second quarter. Kingsview Wealth Management LLC now owns 21,035 shares of the company’s stock worth $1,044,000 after purchasing an additional 4,080 shares in the last quarter. Finally, Financial Gravity Companies Inc. purchased a new stake in shares of JPMorgan Municipal ETF during the 2nd quarter valued at $28,000.

JPMorgan Municipal ETF Price Performance

JPMorgan Municipal ETF stock opened at $50.55 on Tuesday. The stock has a market capitalization of $3.10 billion, a price-to-earnings 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 $51.34. The business has a fifty day moving average price of $50.85 and a 200-day moving average price of $50.62.

JPMorgan Municipal ETF Increases Dividend

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