RiverFront Investment Group LLC Raises Stock Holdings in JPMorgan Municipal ETF (BATS:JMUB)

RiverFront Investment Group LLC lifted its stake in JPMorgan Municipal ETF (BATS:JMUB) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 92,666 shares of the company’s stock after acquiring an additional 5,476 shares during the quarter. RiverFront Investment Group LLC owned 0.33% of JPMorgan Municipal ETF worth $4,647,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. LPL Financial LLC lifted its holdings in JPMorgan Municipal ETF by 6.1% in the fourth quarter. LPL Financial LLC now owns 2,659,326 shares of the company’s stock valued at $133,365,000 after acquiring an additional 152,578 shares during the period. Raymond James Financial Inc. bought a new position in shares of JPMorgan Municipal ETF in the 4th quarter worth approximately $63,229,000. HighTower Advisors LLC lifted its stake in shares of JPMorgan Municipal ETF by 147.4% in the 4th quarter. HighTower Advisors LLC now owns 999,722 shares of the company’s stock worth $50,136,000 after purchasing an additional 595,710 shares during the period. Forvis Mazars Wealth Advisors LLC boosted its holdings in shares of JPMorgan Municipal ETF by 9.6% in the fourth quarter. Forvis Mazars Wealth Advisors LLC now owns 924,781 shares of the company’s stock worth $46,378,000 after buying an additional 81,180 shares during the last quarter. Finally, Bailard Inc. bought a new stake in JPMorgan Municipal ETF during the fourth quarter valued at approximately $36,907,000.

JPMorgan Municipal ETF Trading Up 0.2 %

JMUB opened at $49.90 on Friday. The firm’s 50 day simple moving average is $50.30 and its two-hundred day simple moving average is $50.52. The company has a market capitalization of $2.51 billion, a PE ratio of 10.15 and a beta of 0.20. JPMorgan Municipal ETF has a 1-year low of $49.68 and a 1-year high of $51.31.

JPMorgan Municipal ETF Increases Dividend

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