NFP Retirement Inc. Raises Position in JPMorgan Municipal ETF (BATS:JMUB)

NFP Retirement Inc. lifted its stake in JPMorgan Municipal ETF (BATS:JMUB) by 141.9% in the 4th quarter, HoldingsChannel reports. The firm owned 33,933 shares of the company’s stock after acquiring an additional 19,906 shares during the period. NFP Retirement Inc.’s holdings in JPMorgan Municipal ETF were worth $1,702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of JMUB. 1620 Investment Advisors Inc. purchased a new stake in JPMorgan Municipal ETF in the fourth quarter worth about $44,000. Sunbelt Securities Inc. grew its stake 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 valued at $57,000 after acquiring an additional 755 shares during the period. Allworth Financial LP purchased a new stake in JPMorgan Municipal ETF in the 4th quarter worth approximately $77,000. WealthTrak Capital Management LLC purchased a new stake in JPMorgan Municipal ETF in the 4th quarter worth approximately $124,000. Finally, Hollencrest Capital Management bought a new stake in JPMorgan Municipal ETF during the 4th quarter worth approximately $138,000.

JPMorgan Municipal ETF Price Performance

JMUB opened at $48.84 on Friday. The company has a 50 day simple moving average of $50.14 and a two-hundred day simple moving average of $50.41. The firm has a market cap of $2.46 billion, a P/E ratio of 10.15 and a beta of 0.20. JPMorgan Municipal ETF has a 1-year low of $47.95 and a 1-year high of $51.31.

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. The ex-dividend date was Monday, March 3rd. This is an increase from JPMorgan Municipal ETF’s previous dividend of $0.13.

JPMorgan Municipal ETF Company 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.