Axis Wealth Partners LLC Buys Shares of 4,298 JPMorgan Municipal ETF (BATS:JMUB)

Axis Wealth Partners LLC bought a new stake in shares of JPMorgan Municipal ETF (BATS:JMUB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,298 shares of the company’s stock, valued at approximately $216,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its position in shares of JPMorgan Municipal ETF by 208.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,118 shares of the company’s stock worth $57,000 after buying an additional 755 shares during the period. Allworth Financial LP acquired a new stake in shares of JPMorgan Municipal ETF during the 4th quarter worth approximately $77,000. Blue Investment Partners LLC acquired a new stake in shares of JPMorgan Municipal ETF during the 3rd quarter worth approximately $203,000. Aptus Capital Advisors LLC grew its position in shares of JPMorgan Municipal ETF by 291.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 4,026 shares of the company’s stock worth $206,000 after buying an additional 2,997 shares during the period. Finally, Atria Investments Inc acquired a new stake in shares of JPMorgan Municipal ETF during the 3rd quarter worth approximately $208,000.

JPMorgan Municipal ETF Stock Up 1.1 %

Shares of JMUB stock opened at $50.37 on Monday. JPMorgan Municipal ETF has a 52 week low of $49.76 and a 52 week high of $51.31. The firm has a 50 day moving average of $50.30 and a 200-day moving average of $50.61. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 10.21 and a beta of 0.20.

JPMorgan Municipal ETF Increases Dividend

The company 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.

JPMorgan Municipal ETF 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.