World Equity Group Inc. Takes Position in JPMorgan Municipal ETF (BATS:JMUB)

World Equity Group Inc. bought a new stake in JPMorgan Municipal ETF (BATS:JMUB) in the 4th quarter, Holdings Channel reports. The institutional investor bought 7,192 shares of the company’s stock, valued at approximately $361,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. LPL Financial LLC raised its position in shares of JPMorgan Municipal ETF by 18.7% in the 3rd quarter. LPL Financial LLC now owns 2,506,748 shares of the company’s stock valued at $128,521,000 after buying an additional 394,199 shares in the last quarter. Forvis Mazars Wealth Advisors LLC raised its position in shares of JPMorgan Municipal ETF by 9.6% in the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 924,781 shares of the company’s stock valued at $46,378,000 after buying an additional 81,180 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of JPMorgan Municipal ETF by 5.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 768,550 shares of the company’s stock valued at $39,404,000 after buying an additional 38,001 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of JPMorgan Municipal ETF by 3.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 578,149 shares of the company’s stock valued at $29,640,000 after purchasing an additional 16,794 shares during the last quarter. Finally, Asio Capital LLC grew its holdings in shares of JPMorgan Municipal ETF by 11.8% during the 4th quarter. Asio Capital LLC now owns 518,525 shares of the company’s stock valued at $26,077,000 after purchasing an additional 54,823 shares during the last quarter.

JPMorgan Municipal ETF Stock Up 1.3 %

Shares of JPMorgan Municipal ETF stock opened at $50.47 on Monday. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 10.19 and a beta of 0.08. The firm’s 50-day moving average is $50.24 and its 200 day moving average is $50.63.

JPMorgan Municipal ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, February 3rd were issued a dividend of $0.1299 per share. The ex-dividend date of this dividend was Monday, February 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.