Sequoia Financial Advisors LLC Raises Stock Position in JPMorgan Municipal ETF (BATS:JMUB)

Sequoia Financial Advisors LLC boosted its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 262.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,168 shares of the company’s stock after acquiring an additional 66,738 shares during the period. Sequoia Financial Advisors LLC owned 0.33% of JPMorgan Municipal ETF worth $4,622,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. LPL Financial LLC grew its stake in JPMorgan Municipal ETF by 18.7% in the 3rd quarter. LPL Financial LLC now owns 2,506,748 shares of the company’s stock worth $128,521,000 after buying an additional 394,199 shares in the last quarter. Raymond James Financial Inc. purchased a new position in JPMorgan Municipal ETF in the 4th quarter worth approximately $63,229,000. HighTower Advisors LLC grew its stake in JPMorgan Municipal ETF by 147.4% in the 4th quarter. HighTower Advisors LLC now owns 999,722 shares of the company’s stock worth $50,136,000 after buying an additional 595,710 shares in the last quarter. Forvis Mazars Wealth Advisors LLC grew its stake in JPMorgan Municipal ETF by 9.6% in the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 924,781 shares of the company’s stock worth $46,378,000 after buying an additional 81,180 shares in the last quarter. Finally, Bailard Inc. purchased a new position in JPMorgan Municipal ETF in the 4th quarter worth approximately $36,907,000.

JPMorgan Municipal ETF Price Performance

JMUB stock opened at $50.16 on Friday. JPMorgan Municipal ETF has a one year low of $49.76 and a one year high of $51.31. The stock has a market cap of $2.42 billion, a PE ratio of 10.21 and a beta of 0.20. The firm has a 50 day simple moving average of $50.30 and a two-hundred day simple moving average of $50.59.

JPMorgan Municipal ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were paid a $0.1429 dividend. This is a boost from JPMorgan Municipal ETF’s previous dividend of $0.13. The ex-dividend date was Monday, March 3rd.

JPMorgan Municipal ETF 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.