TIAA Trust National Association Has $49.33 Million Holdings in JPMorgan Municipal ETF $JMUB

TIAA Trust National Association increased its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 7.4% during the third quarter, Holdings Channel reports. The fund owned 977,385 shares of the company’s stock after acquiring an additional 67,123 shares during the quarter. TIAA Trust National Association’s holdings in JPMorgan Municipal ETF were worth $49,329,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Royal Bank of Canada increased its position in JPMorgan Municipal ETF by 12.1% during the 1st quarter. Royal Bank of Canada now owns 100,198 shares of the company’s stock worth $5,010,000 after buying an additional 10,823 shares during the period. AQR Capital Management LLC lifted its position in shares of JPMorgan Municipal ETF by 37.4% during the 1st quarter. AQR Capital Management LLC now owns 10,756 shares of the company’s stock worth $538,000 after buying an additional 2,927 shares during the last quarter. D.A. Davidson & CO. bought a new position in shares of JPMorgan Municipal ETF in the second quarter worth about $230,000. Envestnet Asset Management Inc. boosted its position in JPMorgan Municipal ETF by 3.6% in the second quarter. Envestnet Asset Management Inc. now owns 1,059,800 shares of the company’s stock valued at $52,608,000 after buying an additional 37,286 shares in the last quarter. Finally, Daymark Wealth Partners LLC boosted its holdings in shares of JPMorgan Municipal ETF by 3.2% during the 2nd quarter. Daymark Wealth Partners LLC now owns 38,119 shares of the company’s stock valued at $1,892,000 after acquiring an additional 1,197 shares in the last quarter.

JPMorgan Municipal ETF Trading Up 0.1%

BATS:JMUB opened at $51.28 on Friday. JPMorgan Municipal ETF has a 1-year low of $47.95 and a 1-year high of $51.29. The stock has a market cap of $3.15 billion, a P/E ratio of 9.96 and a beta of 0.21. The stock’s 50-day moving average is $50.81 and its 200-day moving average is $50.50.

JPMorgan Municipal ETF Cuts Dividend

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

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.