Dorsey & Whitney Trust CO LLC Has $1.14 Million Position in JPMorgan Municipal ETF $JMUB

Dorsey & Whitney Trust CO LLC raised its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 12.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,015 shares of the company’s stock after purchasing an additional 2,500 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in JPMorgan Municipal ETF were worth $1,142,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Financial Gravity Companies Inc. bought a new stake in shares of JPMorgan Municipal ETF during the second quarter worth about $28,000. Tortoise Investment Management LLC acquired a new position in JPMorgan Municipal ETF during the 2nd quarter valued at about $14,521,000. Kingsview Wealth Management LLC increased its holdings in JPMorgan Municipal ETF by 24.1% during the 2nd quarter. Kingsview Wealth Management LLC now owns 21,035 shares of the company’s stock worth $1,044,000 after purchasing an additional 4,080 shares in the last quarter. Collaborative Wealth Managment Inc. raised its stake in shares of JPMorgan Municipal ETF by 9.4% in the second quarter. Collaborative Wealth Managment Inc. now owns 16,634 shares of the company’s stock worth $826,000 after purchasing an additional 1,432 shares during the last quarter. Finally, Avantax Advisory Services Inc. raised its stake in shares of JPMorgan Municipal ETF by 2,438.3% in the second quarter. Avantax Advisory Services Inc. now owns 897,843 shares of the company’s stock worth $44,569,000 after purchasing an additional 862,471 shares during the last quarter.

JPMorgan Municipal ETF Stock Up 1.8%

Shares of BATS:JMUB opened at $50.72 on Wednesday. The business’s 50 day moving average is $50.56 and its 200 day moving average is $49.83. JPMorgan Municipal ETF has a 12-month low of $47.95 and a 12-month high of $51.31. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Tuesday, October 21st were issued a dividend of $0.1214 per share. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, October 21st.

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.