Lido Advisors LLC Boosts Position in JPMorgan Municipal ETF $JMUB

Lido Advisors LLC boosted its position in JPMorgan Municipal ETF (BATS:JMUB) by 159.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 358,072 shares of the company’s stock after purchasing an additional 220,162 shares during the period. Lido Advisors LLC owned about 0.58% of JPMorgan Municipal ETF worth $18,073,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Integrated Wealth Concepts LLC boosted its holdings in shares of JPMorgan Municipal ETF by 104.7% in the third quarter. Integrated Wealth Concepts LLC now owns 684,085 shares of the company’s stock worth $34,526,000 after buying an additional 349,930 shares during the last quarter. Hughes Financial Services LLC raised its position in JPMorgan Municipal ETF by 5.9% in the third quarter. Hughes Financial Services LLC now owns 80,839 shares of the company’s stock worth $4,099,000 after acquiring an additional 4,525 shares during the period. Focus Partners Wealth boosted its stake in shares of JPMorgan Municipal ETF by 3.2% during the 3rd quarter. Focus Partners Wealth now owns 127,269 shares of the company’s stock worth $6,423,000 after acquiring an additional 3,898 shares during the last quarter. Elequin Capital LP grew its position in shares of JPMorgan Municipal ETF by 1,955.6% during the 3rd quarter. Elequin Capital LP now owns 121,690 shares of the company’s stock valued at $6,142,000 after acquiring an additional 115,770 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in shares of JPMorgan Municipal ETF in the 3rd quarter worth $5,669,000.

JPMorgan Municipal ETF Stock Performance

Shares of JPMorgan Municipal ETF stock opened at $50.55 on Tuesday. The stock has a market cap of $3.10 billion, a P/E ratio of 9.96 and a beta of 0.21. The stock’s fifty day moving average is $50.85 and its 200 day moving average is $50.62. JPMorgan Municipal ETF has a one year low of $47.95 and a one year high of $51.34.

JPMorgan Municipal ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a dividend of $0.1538 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from JPMorgan Municipal ETF’s previous monthly dividend of $0.14.

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.