TIAA Trust National Association Invests $34.25 Million in JPMorgan Municipal ETF (BATS:JMUB)

TIAA Trust National Association purchased a new position in JPMorgan Municipal ETF (BATS:JMUB) during the 4th quarter, Holdings Channel reports. The fund purchased 682,905 shares of the company’s stock, valued at approximately $34,248,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JMUB. 1620 Investment Advisors Inc. purchased a new position in shares of JPMorgan Municipal ETF during the fourth quarter worth approximately $44,000. Sunbelt Securities Inc. grew its stake in JPMorgan Municipal ETF by 208.0% in the third quarter. Sunbelt Securities Inc. now owns 1,118 shares of the company’s stock worth $57,000 after purchasing an additional 755 shares in the last quarter. Allworth Financial LP purchased a new position in JPMorgan Municipal ETF during the 4th quarter worth $77,000. Hollencrest Capital Management bought a new stake in JPMorgan Municipal ETF during the 4th quarter valued at $138,000. Finally, Blue Investment Partners LLC purchased a new stake in shares of JPMorgan Municipal ETF in the 3rd quarter worth $203,000.

JPMorgan Municipal ETF Trading Up 0.5 %

JMUB opened at $50.06 on Tuesday. The business’s fifty day simple moving average is $50.31 and its 200-day simple moving average is $50.55. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 10.21 and a beta of 0.20. JPMorgan Municipal ETF has a 12-month low of $49.76 and a 12-month high of $51.31.

JPMorgan Municipal ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.1429 per share. This is a boost from JPMorgan Municipal ETF’s previous dividend of $0.13. The ex-dividend date of this dividend was Monday, March 3rd.

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.