Clearwater Capital Advisors LLC Purchases 7,585 Shares of JPMorgan Municipal ETF (BATS:JMUB)

Clearwater Capital Advisors LLC grew its position in JPMorgan Municipal ETF (BATS:JMUB) by 12.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,675 shares of the company’s stock after acquiring an additional 7,585 shares during the quarter. Clearwater Capital Advisors LLC owned 0.25% of JPMorgan Municipal ETF worth $3,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Financial Gravity Asset Management Inc. bought a new stake in shares of JPMorgan Municipal ETF in the 2nd quarter worth about $58,000. Private Advisor Group LLC increased its stake in JPMorgan Municipal ETF by 2.5% during the second quarter. Private Advisor Group LLC now owns 83,454 shares of the company’s stock worth $4,204,000 after acquiring an additional 2,006 shares during the last quarter. Aveo Capital Partners LLC raised its position in JPMorgan Municipal ETF by 2.8% during the second quarter. Aveo Capital Partners LLC now owns 269,014 shares of the company’s stock valued at $13,552,000 after purchasing an additional 7,297 shares during the period. Naviter Wealth LLC boosted its holdings in shares of JPMorgan Municipal ETF by 6.8% in the 2nd quarter. Naviter Wealth LLC now owns 33,343 shares of the company’s stock worth $1,680,000 after purchasing an additional 2,123 shares during the period. Finally, Magnus Financial Group LLC increased its position in shares of JPMorgan Municipal ETF by 0.5% during the 2nd quarter. Magnus Financial Group LLC now owns 216,832 shares of the company’s stock valued at $10,923,000 after purchasing an additional 1,176 shares during the last quarter.

JPMorgan Municipal ETF Price Performance

BATS:JMUB traded up $0.09 during midday trading on Friday, hitting $51.10. 299,841 shares of the company traded hands. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 10.22 and a beta of 0.08. The firm has a 50-day moving average price of $50.77 and a two-hundred day moving average price of $50.56.

JPMorgan Municipal ETF Increases Dividend

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

JPMorgan Municipal ETF Company 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.