Keudell Morrison Wealth Management Buys 1,694 Shares of JPMorgan Municipal ETF (BATS:JMUB)

Keudell Morrison Wealth Management raised its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 1.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,832 shares of the company’s stock after buying an additional 1,694 shares during the quarter. JPMorgan Municipal ETF comprises about 1.3% of Keudell Morrison Wealth Management’s investment portfolio, making the stock its 14th biggest holding. Keudell Morrison Wealth Management owned about 0.33% of JPMorgan Municipal ETF worth $4,708,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Leslie Global Wealth LLC raised its holdings in JPMorgan Municipal ETF by 4.8% in the third quarter. Leslie Global Wealth LLC now owns 138,105 shares of the company’s stock worth $7,081,000 after buying an additional 6,370 shares during the last quarter. Landmark Wealth Management LLC increased its position in shares of JPMorgan Municipal ETF by 5.0% during the third quarter. Landmark Wealth Management LLC now owns 71,564 shares of the company’s stock valued at $3,669,000 after acquiring an additional 3,416 shares in the last quarter. United Advisor Group LLC increased its position in shares of JPMorgan Municipal ETF by 3.4% during the third quarter. United Advisor Group LLC now owns 29,625 shares of the company’s stock valued at $1,519,000 after acquiring an additional 985 shares in the last quarter. Cedar Point Capital Partners LLC raised its holdings in JPMorgan Municipal ETF by 0.7% in the 3rd quarter. Cedar Point Capital Partners LLC now owns 60,190 shares of the company’s stock worth $3,086,000 after acquiring an additional 436 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in JPMorgan Municipal ETF by 23.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 19,133 shares of the company’s stock valued at $981,000 after acquiring an additional 3,626 shares in the last quarter.

JPMorgan Municipal ETF Price Performance

JMUB traded down $0.51 during trading on Thursday, hitting $49.98. 458,327 shares of the company’s stock traded hands. The firm has a market cap of $1.39 billion, a PE ratio of 10.22 and a beta of 0.08. The business’s 50-day moving average is $50.90 and its 200 day moving average is $50.65.

JPMorgan Municipal ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were issued a $0.1506 dividend. This is an increase from JPMorgan Municipal ETF’s previous dividend of $0.15. The ex-dividend date was Tuesday, September 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.