Family Investment Center Inc. Raises Stake in JPMorgan Municipal ETF (BATS:JMUB)

Family Investment Center Inc. lifted its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 1.2% during the 3rd quarter, Holdings Channel reports. The fund owned 21,716 shares of the company’s stock after buying an additional 254 shares during the quarter. Family Investment Center Inc.’s holdings in JPMorgan Municipal ETF were worth $1,113,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Financial Strategies Group Inc. increased its holdings in shares of JPMorgan Municipal ETF by 76.9% during the 1st quarter. Financial Strategies Group Inc. now owns 10,611 shares of the company’s stock worth $534,000 after buying an additional 4,613 shares during the last quarter. Naviter Wealth LLC purchased a new stake in JPMorgan Municipal ETF in the first quarter valued at $1,584,000. Lifestyle Asset Management Inc. purchased a new stake in JPMorgan Municipal ETF in the first quarter valued at $815,000. Cornerstone Wealth Management LLC lifted its stake in shares of JPMorgan Municipal ETF by 6.2% in the 1st quarter. Cornerstone Wealth Management LLC now owns 137,610 shares of the company’s stock valued at $6,982,000 after purchasing an additional 8,009 shares during the last quarter. Finally, FORVIS Wealth Advisors LLC grew its holdings in shares of JPMorgan Municipal ETF by 40.5% during the 1st quarter. FORVIS Wealth Advisors LLC now owns 727,190 shares of the company’s stock worth $36,898,000 after purchasing an additional 209,487 shares during the period.

JPMorgan Municipal ETF Stock Up 0.1 %

Shares of BATS:JMUB opened at $50.50 on Monday. The business’s 50-day simple moving average is $50.98 and its 200-day simple moving average is $50.64. The firm has a market cap of $1.40 billion, a P/E ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, September 5th. Stockholders of record on Tuesday, September 3rd were paid a $0.1506 dividend. This is an increase from JPMorgan Municipal ETF’s previous dividend of $0.15. The ex-dividend date was Tuesday, September 3rd.

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.