Stephens Consulting LLC Has $13.42 Million Stock Position in JPMorgan Municipal ETF (BATS:JMUB)

Stephens Consulting LLC lifted its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 93.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 264,492 shares of the company’s stock after buying an additional 127,738 shares during the quarter. JPMorgan Municipal ETF comprises 4.1% of Stephens Consulting LLC’s holdings, making the stock its 7th biggest position. Stephens Consulting LLC’s holdings in JPMorgan Municipal ETF were worth $13,420,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Morningstar Investment Services LLC boosted its position in shares of JPMorgan Municipal ETF by 96.9% during the 4th quarter. Morningstar Investment Services LLC now owns 812,766 shares of the company’s stock worth $41,431,000 after acquiring an additional 399,905 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of JPMorgan Municipal ETF by 5.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 712,082 shares of the company’s stock worth $36,131,000 after buying an additional 35,857 shares during the last quarter. Avantax Planning Partners Inc. grew its position in JPMorgan Municipal ETF by 21.7% in the fourth quarter. Avantax Planning Partners Inc. now owns 582,260 shares of the company’s stock valued at $29,672,000 after acquiring an additional 103,995 shares during the last quarter. FORVIS Wealth Advisors LLC raised its stake in JPMorgan Municipal ETF by 39.5% during the fourth quarter. FORVIS Wealth Advisors LLC now owns 517,703 shares of the company’s stock worth $26,382,000 after acquiring an additional 146,528 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its holdings in shares of JPMorgan Municipal ETF by 4.4% in the fourth quarter. CENTRAL TRUST Co now owns 420,497 shares of the company’s stock worth $21,429,000 after acquiring an additional 17,571 shares during the last quarter.

JPMorgan Municipal ETF Stock Performance

Shares of JPMorgan Municipal ETF stock traded down $0.09 during midday trading on Friday, hitting $50.38. 221,505 shares of the company traded hands. The business has a 50 day simple moving average of $50.32 and a two-hundred day simple moving average of $50.57. The stock has a market capitalization of $1.40 billion, a PE ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Monday, July 1st will be paid a dividend of $0.1482 per share. The ex-dividend date is Monday, July 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.