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

Larson Financial Group LLC raised its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 365.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,567 shares of the company’s stock after purchasing an additional 35,776 shares during the quarter. Larson Financial Group LLC owned 0.16% of JPMorgan Municipal ETF worth $2,285,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Gryphon Financial Partners LLC raised its position in shares of JPMorgan Municipal ETF by 4.2% during the fourth quarter. Gryphon Financial Partners LLC now owns 6,045 shares of the company’s stock valued at $303,000 after buying an additional 245 shares during the last quarter. Fifth Third Securities Inc. raised its position in shares of JPMorgan Municipal ETF by 3.7% during the fourth quarter. Fifth Third Securities Inc. now owns 8,290 shares of the company’s stock valued at $416,000 after buying an additional 292 shares during the last quarter. D Orazio & Associates Inc. raised its position in shares of JPMorgan Municipal ETF by 6.6% during the third quarter. D Orazio & Associates Inc. now owns 4,975 shares of the company’s stock valued at $255,000 after buying an additional 308 shares during the last quarter. Walkner Condon Financial Advisors LLC raised its position in shares of JPMorgan Municipal ETF by 1.4% during the fourth quarter. Walkner Condon Financial Advisors LLC now owns 22,206 shares of the company’s stock valued at $1,114,000 after buying an additional 313 shares during the last quarter. Finally, Meridian Financial LLC raised its position in shares of JPMorgan Municipal ETF by 6.8% during the fourth quarter. Meridian Financial LLC now owns 5,938 shares of the company’s stock valued at $298,000 after buying an additional 378 shares during the last quarter.

JPMorgan Municipal ETF Price Performance

JPMorgan Municipal ETF stock opened at $50.37 on Friday. The stock has a market cap of $2.44 billion, a P/E ratio of 10.21 and a beta of 0.20. JPMorgan Municipal ETF has a 1 year low of $49.76 and a 1 year high of $51.31. The firm’s 50 day moving average price is $50.30 and its 200-day moving average price is $50.61.

JPMorgan Municipal ETF Increases Dividend

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

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.