Lakeridge Wealth Management LLC Buys Shares of 11,632 JPMorgan Municipal ETF $JMUB

Lakeridge Wealth Management LLC bought a new position in shares of JPMorgan Municipal ETF (BATS:JMUB) during the 4th quarter, HoldingsChannel reports. The firm bought 11,632 shares of the company’s stock, valued at approximately $587,000.

A number of other large investors have also recently made changes to their positions in the stock. Royal Bank of Canada grew its position in shares of JPMorgan Municipal ETF by 12.1% in the first quarter. Royal Bank of Canada now owns 100,198 shares of the company’s stock valued at $5,010,000 after purchasing an additional 10,823 shares in the last quarter. AQR Capital Management LLC lifted its holdings in 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 purchasing an additional 2,927 shares in the last quarter. Creative Planning bought a new position in JPMorgan Municipal ETF in the 2nd quarter worth about $489,000. JPMorgan Chase & Co. boosted its stake in JPMorgan Municipal ETF by 9.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 552,609 shares of the company’s stock worth $27,432,000 after purchasing an additional 45,987 shares during the period. Finally, Forum Private Client Group LLC grew its holdings in JPMorgan Municipal ETF by 14.1% during the 2nd quarter. Forum Private Client Group LLC now owns 16,896 shares of the company’s stock valued at $839,000 after buying an additional 2,088 shares in the last quarter.

JPMorgan Municipal ETF Stock Down 0.7%

Shares of JMUB opened at $50.06 on Friday. The business’s 50-day moving average price is $50.82 and its 200-day moving average price is $50.63. JPMorgan Municipal ETF has a twelve month low of $47.95 and a twelve month high of $51.34. The stock has a market cap of $3.07 billion, a PE ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were paid a dividend of $0.1538 per share. This is an increase 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 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.