Benjamin Edwards Inc. Invests $556,000 in JPMorgan Municipal ETF (BATS:JMUB)

Benjamin Edwards Inc. bought a new position in shares of JPMorgan Municipal ETF (BATS:JMUB) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,918 shares of the company’s stock, valued at approximately $556,000. Benjamin Edwards Inc. owned 0.10% of JPMorgan Municipal ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. purchased a new stake in shares of JPMorgan Municipal ETF during the 4th quarter worth about $51,000. Carmichael Hill & Associates Inc. acquired a new stake in shares of JPMorgan Municipal ETF during the fourth quarter valued at about $70,000. McIlrath & Eck LLC purchased a new stake in shares of JPMorgan Municipal ETF during the third quarter worth about $102,000. Choreo LLC acquired a new position in shares of JPMorgan Municipal ETF in the fourth quarter worth about $201,000. Finally, West Oak Capital LLC boosted its holdings in JPMorgan Municipal ETF by 33.3% in the fourth quarter. West Oak Capital LLC now owns 4,000 shares of the company’s stock valued at $204,000 after purchasing an additional 1,000 shares during the last quarter.

JPMorgan Municipal ETF Stock Up 0.2 %

BATS JMUB traded up $0.09 during trading hours on Friday, reaching $50.24. 248,389 shares of the company traded hands. The stock has a market capitalization of $1.33 billion, a PE ratio of 10.19 and a beta of 0.07. The stock has a 50 day simple moving average of $50.49 and a 200 day simple moving average of $50.18.

JPMorgan Municipal ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, April 4th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.1449 per share. This is an increase from JPMorgan Municipal ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Monday, April 1st.

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.