PDS Planning Inc Invests $448,000 in JPMorgan Municipal ETF (BATS:JMUB)

PDS Planning Inc acquired a new position in JPMorgan Municipal ETF (BATS:JMUB) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,930 shares of the company’s stock, valued at approximately $448,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. lifted its stake in shares of JPMorgan Municipal ETF by 1.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 14,114 shares of the company’s stock worth $708,000 after buying an additional 205 shares during the last quarter. Gryphon Financial Partners LLC lifted its stake in shares of JPMorgan Municipal ETF by 4.2% in the fourth quarter. Gryphon Financial Partners LLC now owns 6,045 shares of the company’s stock worth $303,000 after buying an additional 245 shares during the last quarter. Fifth Third Securities Inc. lifted its stake in shares of JPMorgan Municipal ETF by 3.7% in the fourth quarter. Fifth Third Securities Inc. now owns 8,290 shares of the company’s stock worth $416,000 after buying an additional 292 shares during the last quarter. Walkner Condon Financial Advisors LLC lifted its stake in shares of JPMorgan Municipal ETF by 1.4% in the fourth quarter. Walkner Condon Financial Advisors LLC now owns 22,206 shares of the company’s stock worth $1,114,000 after buying an additional 313 shares during the last quarter. Finally, Meridian Financial LLC lifted its stake in shares of JPMorgan Municipal ETF by 6.8% in the fourth quarter. Meridian Financial LLC now owns 5,938 shares of the company’s stock worth $298,000 after buying an additional 378 shares during the last quarter.

JPMorgan Municipal ETF Trading Up 0.8 %

Shares of JMUB stock opened at $50.18 on Wednesday. JPMorgan Municipal ETF has a 1 year low of $49.76 and a 1 year high of $51.31. The firm’s fifty day simple moving average is $50.30 and its 200 day simple moving average is $50.57. The firm has a market capitalization of $2.43 billion, a P/E ratio of 10.21 and a beta of 0.20.

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 given a dividend of $0.1429 per share. The ex-dividend date was Monday, March 3rd. This is a positive change 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.