Commonwealth Financial Services LLC Grows Stake in JPMorgan Municipal ETF (BATS:JMUB)

Commonwealth Financial Services LLC boosted its stake in JPMorgan Municipal ETF (BATS:JMUB) by 11.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,872 shares of the company’s stock after buying an additional 1,587 shares during the quarter. Commonwealth Financial Services LLC owned approximately 0.06% of JPMorgan Municipal ETF worth $813,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. CENTRAL TRUST Co grew its holdings in shares of JPMorgan Municipal ETF by 16.9% during the third quarter. CENTRAL TRUST Co now owns 528,251 shares of the company’s stock worth $27,083,000 after buying an additional 76,259 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in JPMorgan Municipal ETF by 2.3% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 51,857 shares of the company’s stock valued at $2,659,000 after acquiring an additional 1,144 shares in the last quarter. Syntegra Private Wealth Group LLC raised its holdings in JPMorgan Municipal ETF by 30.1% in the 3rd quarter. Syntegra Private Wealth Group LLC now owns 219,384 shares of the company’s stock valued at $11,248,000 after acquiring an additional 50,779 shares during the last quarter. Private Advisor Group LLC raised its holdings in JPMorgan Municipal ETF by 5.0% in the 3rd quarter. Private Advisor Group LLC now owns 87,635 shares of the company’s stock valued at $4,493,000 after acquiring an additional 4,181 shares during the last quarter. Finally, Stephens Consulting LLC lifted its stake in JPMorgan Municipal ETF by 1.1% in the 3rd quarter. Stephens Consulting LLC now owns 302,158 shares of the company’s stock worth $15,492,000 after purchasing an additional 3,263 shares in the last quarter.

JPMorgan Municipal ETF Stock Down 0.5 %

Shares of JMUB stock traded down $0.26 on Thursday, hitting $50.39. 207,105 shares of the stock traded hands. The company’s fifty day moving average price is $51.00 and its 200-day moving average price is $50.63. The company has a market capitalization of $1.40 billion, a PE ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, September 5th. Shareholders of record on Tuesday, September 3rd were given a $0.1506 dividend. This is a positive change from JPMorgan Municipal ETF’s previous dividend of $0.15. The ex-dividend date of this dividend was Tuesday, September 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.