JPMorgan Municipal ETF (BATS:JMUB) Stake Raised by Verus Capital Partners LLC

Verus Capital Partners LLC lifted its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 255.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 25,475 shares of the company’s stock after acquiring an additional 18,301 shares during the period. Verus Capital Partners LLC’s holdings in JPMorgan Municipal ETF were worth $1,306,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JMUB. LPL Financial LLC boosted its position in JPMorgan Municipal ETF by 11.2% during the 2nd quarter. LPL Financial LLC now owns 2,112,549 shares of the company’s stock worth $106,420,000 after acquiring an additional 212,185 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of JPMorgan Municipal ETF by 9.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,130,986 shares of the company’s stock valued at $56,973,000 after purchasing an additional 94,579 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of JPMorgan Municipal ETF by 205.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 853,485 shares of the company’s stock valued at $42,994,000 after purchasing an additional 574,470 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in JPMorgan Municipal ETF by 5.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 768,550 shares of the company’s stock worth $39,404,000 after purchasing an additional 38,001 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in JPMorgan Municipal ETF by 119.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 650,088 shares of the company’s stock valued at $32,748,000 after buying an additional 354,185 shares in the last quarter.

JPMorgan Municipal ETF Price Performance

JMUB stock opened at $50.53 on Tuesday. The stock’s 50 day moving average is $50.87 and its 200-day moving average is $50.66. The company has a market cap of $1.40 billion, a P/E ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Increases Dividend

The company 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 boost from JPMorgan Municipal ETF’s previous dividend of $0.15. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.