Cornerstone Wealth Management LLC Increases Stock Position in JPMorgan Municipal ETF (BATS:JMUB)

Cornerstone Wealth Management LLC raised its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 11.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 160,317 shares of the company’s stock after acquiring an additional 16,443 shares during the period. Cornerstone Wealth Management LLC’s holdings in JPMorgan Municipal ETF were worth $8,219,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JMUB. Western Wealth Management LLC raised its position in shares of JPMorgan Municipal ETF by 2.0% during the second quarter. Western Wealth Management LLC now owns 10,992 shares of the company’s stock valued at $554,000 after buying an additional 217 shares during the last quarter. Financial Connections Group Inc. increased its holdings in JPMorgan Municipal ETF by 1.7% during the 1st quarter. Financial Connections Group Inc. now owns 14,051 shares of the company’s stock worth $713,000 after purchasing an additional 235 shares during the period. ERn Financial LLC raised its holdings in shares of JPMorgan Municipal ETF by 1.0% in the 2nd quarter. ERn Financial LLC now owns 33,037 shares of the company’s stock valued at $1,664,000 after purchasing an additional 316 shares in the last quarter. WealthCare Investment Partners LLC lifted its stake in shares of JPMorgan Municipal ETF by 0.6% during the 3rd quarter. WealthCare Investment Partners LLC now owns 58,498 shares of the company’s stock worth $2,979,000 after purchasing an additional 333 shares during the last quarter. Finally, Resonant Capital Advisors LLC lifted its position in JPMorgan Municipal ETF by 0.6% during the first quarter. Resonant Capital Advisors LLC now owns 76,169 shares of the company’s stock valued at $3,865,000 after acquiring an additional 449 shares during the last quarter.

JPMorgan Municipal ETF Stock Up 0.1 %

Shares of JPMorgan Municipal ETF stock opened at $50.93 on Thursday. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 10.22 and a beta of 0.08. The firm has a 50 day moving average of $51.02 and a 200 day moving average of $50.62.

JPMorgan Municipal ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.1506 per share. 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.

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.