Smith & Howard Wealth Management LLC Boosts Stake in JPMorgan Municipal ETF (BATS:JMUB)

Smith & Howard Wealth Management LLC increased its stake in JPMorgan Municipal ETF (BATS:JMUB) by 54.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 478,177 shares of the company’s stock after purchasing an additional 168,618 shares during the quarter. JPMorgan Municipal ETF makes up approximately 6.8% of Smith & Howard Wealth Management LLC’s portfolio, making the stock its 4th biggest holding. Smith & Howard Wealth Management LLC owned 1.72% of JPMorgan Municipal ETF worth $23,981,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its stake in JPMorgan Municipal ETF by 23.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 19,133 shares of the company’s stock valued at $981,000 after buying an additional 3,626 shares in the last quarter. Atria Investments Inc purchased a new position in JPMorgan Municipal ETF in the 3rd quarter valued at approximately $208,000. Axxcess Wealth Management LLC purchased a new position in JPMorgan Municipal ETF in the 3rd quarter valued at approximately $333,000. Bond & Devick Financial Network Inc. grew its stake in JPMorgan Municipal ETF by 11.5% in the 3rd quarter. Bond & Devick Financial Network Inc. now owns 7,583 shares of the company’s stock valued at $389,000 after buying an additional 781 shares in the last quarter. Finally, Apollon Wealth Management LLC grew its stake in JPMorgan Municipal ETF by 8.2% in the 3rd quarter. Apollon Wealth Management LLC now owns 144,293 shares of the company’s stock valued at $7,398,000 after buying an additional 10,928 shares in the last quarter.

JPMorgan Municipal ETF Trading Up 1.3 %

JPMorgan Municipal ETF stock opened at $50.43 on Tuesday. JPMorgan Municipal ETF has a 1-year low of $49.76 and a 1-year high of $51.31. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 10.21 and a beta of 0.20. The firm has a 50 day simple moving average of $50.30 and a 200 day simple moving average of $50.60.

JPMorgan Municipal ETF Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were given a dividend of $0.1429 per share. This is a positive change from JPMorgan Municipal ETF’s previous dividend of $0.13. The ex-dividend date of this dividend was Monday, March 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.