Lido Advisors LLC Makes New $8.05 Million Investment in JPMorgan Municipal ETF (BATS:JMUB)

Lido Advisors LLC bought a new position in shares of JPMorgan Municipal ETF (BATS:JMUB) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 160,481 shares of the company’s stock, valued at approximately $8,048,000. Lido Advisors LLC owned 0.58% of JPMorgan Municipal ETF at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of JMUB. Pine Valley Investments Ltd Liability Co raised its stake in JPMorgan Municipal ETF by 81.5% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 7,796 shares of the company’s stock worth $400,000 after purchasing an additional 3,500 shares during the period. International Assets Investment Management LLC purchased a new position in JPMorgan Municipal ETF during the fourth quarter worth about $518,000. Collective Family Office LLC raised its stake in JPMorgan Municipal ETF by 11.1% during the fourth quarter. Collective Family Office LLC now owns 504,584 shares of the company’s stock worth $25,305,000 after purchasing an additional 50,451 shares during the period. Baker Tilly Wealth Management LLC raised its stake in JPMorgan Municipal ETF by 44.0% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 90,512 shares of the company’s stock worth $4,539,000 after purchasing an additional 27,672 shares during the period. Finally, West Oak Capital LLC raised its stake in JPMorgan Municipal ETF by 294.7% during the fourth quarter. West Oak Capital LLC now owns 15,788 shares of the company’s stock worth $792,000 after purchasing an additional 11,788 shares during the period.

JPMorgan Municipal ETF Stock Performance

JPMorgan Municipal ETF stock opened at $49.53 on Wednesday. The company’s 50 day simple moving average is $49.82 and its 200-day simple moving average is $50.22. JPMorgan Municipal ETF has a 1 year low of $47.95 and a 1 year high of $51.31. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 9.82 and a beta of 0.19.

JPMorgan Municipal ETF Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were given a $0.1429 dividend. This is a positive change 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.