Diversified Portfolios Inc. Grows Stock Position in JPMorgan Municipal ETF (BATS:JMUB)

Diversified Portfolios Inc. increased its stake in JPMorgan Municipal ETF (BATS:JMUB) by 12.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 123,690 shares of the company’s stock after acquiring an additional 13,430 shares during the period. Diversified Portfolios Inc. owned about 0.45% of JPMorgan Municipal ETF worth $6,203,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Financial Connections Group Inc. boosted its position in JPMorgan Municipal ETF by 27.9% during the 4th quarter. Financial Connections Group Inc. now owns 41,961 shares of the company’s stock valued at $2,104,000 after buying an additional 9,162 shares during the period. Opal Wealth Advisors LLC raised its stake in shares of JPMorgan Municipal ETF by 11.5% during the fourth quarter. Opal Wealth Advisors LLC now owns 259,834 shares of the company’s stock valued at $13,031,000 after acquiring an additional 26,756 shares during the last quarter. D Orazio & Associates Inc. boosted its holdings in shares of JPMorgan Municipal ETF by 25.2% during the fourth quarter. D Orazio & Associates Inc. now owns 6,230 shares of the company’s stock worth $312,000 after purchasing an additional 1,255 shares during the period. Apollon Wealth Management LLC grew its stake in shares of JPMorgan Municipal ETF by 22.2% in the fourth quarter. Apollon Wealth Management LLC now owns 176,265 shares of the company’s stock worth $8,840,000 after purchasing an additional 31,972 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in JPMorgan Municipal ETF during the 4th quarter valued at about $1,246,000.

JPMorgan Municipal ETF Trading Up 1.2 %

BATS JMUB opened at $50.38 on Wednesday. The stock has a market cap of $1.40 billion, a PE ratio of 10.22 and a beta of 0.08. The stock has a fifty day simple moving average of $50.33 and a 200 day simple moving average of $50.66.

JPMorgan Municipal ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, February 3rd were issued a dividend of $0.1299 per share. The ex-dividend date of this dividend was 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.