Bailard Inc. Invests $36.91 Million in JPMorgan Municipal ETF (BATS:JMUB)

Bailard Inc. bought a new position in shares of JPMorgan Municipal ETF (BATS:JMUB) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 735,933 shares of the company’s stock, valued at approximately $36,907,000. JPMorgan Municipal ETF accounts for about 0.9% of Bailard Inc.’s investment portfolio, making the stock its 23rd biggest position. Bailard Inc. owned 2.65% of JPMorgan Municipal ETF at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. BlueStem Wealth Partners LLC acquired a new position in shares of JPMorgan Municipal ETF during the fourth quarter worth approximately $19,471,000. Jacobi Capital Management LLC raised its position in shares of JPMorgan Municipal ETF by 37.1% during the fourth quarter. Jacobi Capital Management LLC now owns 17,805 shares of the company’s stock worth $893,000 after purchasing an additional 4,821 shares during the period. Goodwin Investment Advisory acquired a new position in shares of JPMorgan Municipal ETF during the fourth quarter worth approximately $1,823,000. TD Capital Management LLC purchased a new stake in JPMorgan Municipal ETF in the 4th quarter valued at $1,929,000. Finally, Mills Wealth Advisors LLC raised its position in JPMorgan Municipal ETF by 89.1% in the 4th quarter. Mills Wealth Advisors LLC now owns 147,680 shares of the company’s stock valued at $7,406,000 after buying an additional 69,583 shares during the last quarter.

JPMorgan Municipal ETF Price Performance

BATS JMUB opened at $50.76 on Friday. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 10.19 and a beta of 0.08. The company has a 50 day moving average of $50.27 and a two-hundred day moving average of $50.62.

JPMorgan Municipal ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, March 3rd will be given a $0.1429 dividend. This is a positive change from JPMorgan Municipal ETF’s previous dividend of $0.13. The ex-dividend date of this dividend is Monday, March 3rd.

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.