Private Advisor Group LLC Buys 4,181 Shares of JPMorgan Municipal ETF (BATS:JMUB)

Private Advisor Group LLC boosted its stake in JPMorgan Municipal ETF (BATS:JMUB) by 5.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 87,635 shares of the company’s stock after purchasing an additional 4,181 shares during the quarter. Private Advisor Group LLC owned about 0.32% of JPMorgan Municipal ETF worth $4,493,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. LPL Financial LLC increased its stake in shares of JPMorgan Municipal ETF by 11.2% in the 2nd quarter. LPL Financial LLC now owns 2,112,549 shares of the company’s stock valued at $106,420,000 after purchasing an additional 212,185 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of JPMorgan Municipal ETF by 9.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,130,986 shares of the company’s stock valued at $56,973,000 after purchasing an additional 94,579 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in JPMorgan Municipal ETF by 205.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 853,485 shares of the company’s stock worth $42,994,000 after purchasing an additional 574,470 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in JPMorgan Municipal ETF by 2.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 730,549 shares of the company’s stock valued at $36,801,000 after purchasing an additional 18,467 shares during the last quarter. Finally, FORVIS Wealth Advisors LLC boosted its position in JPMorgan Municipal ETF by 40.5% in the first quarter. FORVIS Wealth Advisors LLC now owns 727,190 shares of the company’s stock valued at $36,898,000 after buying an additional 209,487 shares in the last quarter.

JPMorgan Municipal ETF Stock Up 0.1 %

Shares of BATS:JMUB opened at $50.50 on Friday. The firm has a market capitalization of $1.40 billion, a P/E ratio of 10.22 and a beta of 0.08. The business’s 50-day moving average is $50.98 and its two-hundred day moving average is $50.63.

JPMorgan Municipal ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, September 5th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.1506 per share. This is a positive change from JPMorgan Municipal ETF’s previous dividend of $0.15. The ex-dividend date was Tuesday, September 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.