Mather Group LLC. Has $6.39 Million Stake in JPMorgan Municipal ETF (BATS:JMUB)

Mather Group LLC. raised its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 21.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 127,398 shares of the company’s stock after acquiring an additional 22,530 shares during the period. Mather Group LLC.’s holdings in JPMorgan Municipal ETF were worth $6,389,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of JMUB. Family Investment Center Inc. increased its holdings in JPMorgan Municipal ETF by 1.2% in the third quarter. Family Investment Center Inc. now owns 21,716 shares of the company’s stock worth $1,113,000 after buying an additional 254 shares during the last quarter. Fifth Third Securities Inc. increased its stake in shares of JPMorgan Municipal ETF by 3.7% during the 4th quarter. Fifth Third Securities Inc. now owns 8,290 shares of the company’s stock worth $416,000 after purchasing an additional 292 shares during the last quarter. Stone Point Wealth LLC raised its holdings in shares of JPMorgan Municipal ETF by 3.3% during the 3rd quarter. Stone Point Wealth LLC now owns 9,496 shares of the company’s stock valued at $487,000 after purchasing an additional 300 shares in the last quarter. D Orazio & Associates Inc. lifted its stake in shares of JPMorgan Municipal ETF by 6.6% in the 3rd quarter. D Orazio & Associates Inc. now owns 4,975 shares of the company’s stock valued at $255,000 after purchasing an additional 308 shares during the last quarter. Finally, WealthCare Investment Partners LLC boosted its holdings in JPMorgan Municipal ETF by 0.6% in the third quarter. WealthCare Investment Partners LLC now owns 58,498 shares of the company’s stock worth $2,979,000 after purchasing an additional 333 shares in the last quarter.

JPMorgan Municipal ETF Price Performance

JPMorgan Municipal ETF stock opened at $50.31 on Tuesday. The stock’s 50 day simple moving average is $50.39 and its two-hundred day simple moving average is $50.68. The firm has a market capitalization of $1.40 billion, a P/E ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.1299 per share. The ex-dividend date is Monday, February 3rd.

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.