LPL Financial LLC Raises Stake in JPMorgan Municipal ETF (BATS:JMUB)

LPL Financial LLC raised its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 18.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,506,748 shares of the company’s stock after acquiring an additional 394,199 shares during the period. LPL Financial LLC owned approximately 0.09% of JPMorgan Municipal ETF worth $128,521,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its holdings in JPMorgan Municipal ETF by 9.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,130,986 shares of the company’s stock worth $56,973,000 after acquiring an additional 94,579 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of JPMorgan Municipal ETF by 205.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 853,485 shares of the company’s stock worth $42,994,000 after purchasing an additional 574,470 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of JPMorgan Municipal ETF by 5.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 768,550 shares of the company’s stock valued at $39,404,000 after purchasing an additional 38,001 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of JPMorgan Municipal ETF by 119.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 650,088 shares of the company’s stock valued at $32,748,000 after purchasing an additional 354,185 shares during the period. Finally, CENTRAL TRUST Co boosted its holdings in JPMorgan Municipal ETF by 16.9% during the third quarter. CENTRAL TRUST Co now owns 528,251 shares of the company’s stock worth $27,083,000 after buying an additional 76,259 shares in the last quarter.

JPMorgan Municipal ETF Trading Up 0.0 %

JMUB stock opened at $50.57 on Friday. The firm’s 50 day moving average price is $50.79 and its two-hundred day moving average price is $50.67. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Increases Dividend

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

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.