Raymond James Trust N.A. Invests $273,000 in JPMorgan Municipal ETF (BATS:JMUB)

Raymond James Trust N.A. purchased a new stake in shares of JPMorgan Municipal ETF (BATS:JMUB) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,322 shares of the company’s stock, valued at approximately $273,000.

A number of other large investors have also added to or reduced their stakes in the stock. LPL Financial LLC raised its stake in shares of JPMorgan Municipal ETF by 18.7% in the third quarter. LPL Financial LLC now owns 2,506,748 shares of the company’s stock valued at $128,521,000 after buying an additional 394,199 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in JPMorgan Municipal ETF by 9.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,130,986 shares of the company’s stock worth $56,973,000 after acquiring an additional 94,579 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in JPMorgan Municipal ETF by 205.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 853,485 shares of the company’s stock valued at $42,994,000 after acquiring an additional 574,470 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in JPMorgan Municipal ETF by 5.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 768,550 shares of the company’s stock valued at $39,404,000 after purchasing an additional 38,001 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in JPMorgan Municipal ETF by 119.7% during the second quarter. Envestnet Asset Management Inc. now owns 650,088 shares of the company’s stock worth $32,748,000 after purchasing an additional 354,185 shares during the period.

JPMorgan Municipal ETF Price Performance

JMUB opened at $50.89 on Thursday. The stock has a market capitalization of $1.41 billion, a P/E ratio of 10.22 and a beta of 0.08. The stock has a fifty day simple moving average of $50.75 and a 200-day simple moving average of $50.68.

JPMorgan Municipal ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were paid a $0.1506 dividend. 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.