Perigon Wealth Management LLC Purchases 49,797 Shares of JPMorgan Municipal ETF $JMUB

Perigon Wealth Management LLC raised its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 48.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 153,407 shares of the company’s stock after buying an additional 49,797 shares during the period. Perigon Wealth Management LLC’s holdings in JPMorgan Municipal ETF were worth $7,742,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of JMUB. Jane Street Group LLC grew its position in JPMorgan Municipal ETF by 74.3% during the 1st quarter. Jane Street Group LLC now owns 302,846 shares of the company’s stock worth $15,142,000 after acquiring an additional 129,112 shares during the last quarter. Calton & Associates Inc. acquired a new position in JPMorgan Municipal ETF in the first quarter worth $512,000. Royal Bank of Canada grew its holdings in shares of JPMorgan Municipal ETF by 12.1% during the first quarter. Royal Bank of Canada now owns 100,198 shares of the company’s stock worth $5,010,000 after purchasing an additional 10,823 shares during the last quarter. Focus Partners Advisor Solutions LLC increased its stake in shares of JPMorgan Municipal ETF by 4.2% in the first quarter. Focus Partners Advisor Solutions LLC now owns 70,444 shares of the company’s stock valued at $3,522,000 after buying an additional 2,847 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of JPMorgan Municipal ETF by 37.4% in the first quarter. AQR Capital Management LLC now owns 10,756 shares of the company’s stock valued at $538,000 after buying an additional 2,927 shares in the last quarter.

JPMorgan Municipal ETF Stock Up 1.6%

Shares of BATS JMUB opened at $50.58 on Friday. JPMorgan Municipal ETF has a 12-month low of $47.95 and a 12-month high of $51.31. The firm’s 50-day simple moving average is $50.63 and its 200 day simple moving average is $50.06. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Cuts Dividend

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

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.