Washington Trust Bank Acquires Shares of 7,720 JPMorgan Municipal ETF (BATS:JMUB)

Washington Trust Bank acquired a new position in shares of JPMorgan Municipal ETF (BATS:JMUB) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 7,720 shares of the company’s stock, valued at approximately $387,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. 1620 Investment Advisors Inc. acquired a new stake in JPMorgan Municipal ETF in the fourth quarter valued at about $44,000. Sunbelt Securities Inc. boosted its stake in shares of JPMorgan Municipal ETF by 208.0% in the third quarter. Sunbelt Securities Inc. now owns 1,118 shares of the company’s stock valued at $57,000 after buying an additional 755 shares in the last quarter. Allworth Financial LP acquired a new position in JPMorgan Municipal ETF during the fourth quarter worth $77,000. Hollencrest Capital Management acquired a new position in JPMorgan Municipal ETF during the fourth quarter worth $138,000. Finally, Blue Investment Partners LLC purchased a new position in JPMorgan Municipal ETF in the third quarter worth $203,000.

JPMorgan Municipal ETF Stock Performance

JPMorgan Municipal ETF stock opened at $50.17 on Friday. The company has a market cap of $2.43 billion, a P/E ratio of 10.21 and a beta of 0.20. JPMorgan Municipal ETF has a one year low of $49.76 and a one year high of $51.31. The business has a fifty day moving average of $50.30 and a two-hundred day moving average of $50.56.

JPMorgan Municipal ETF Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were given a dividend of $0.1429 per share. 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 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.