Signature Estate & Investment Advisors LLC Boosts Stake in JPMorgan Municipal ETF (BATS:JMUB)

Signature Estate & Investment Advisors LLC raised its position in JPMorgan Municipal ETF (BATS:JMUB) by 30.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 204,206 shares of the company’s stock after purchasing an additional 47,143 shares during the quarter. Signature Estate & Investment Advisors LLC owned 0.74% of JPMorgan Municipal ETF worth $10,241,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. boosted its position in JPMorgan Municipal ETF by 1.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,114 shares of the company’s stock worth $708,000 after purchasing an additional 205 shares during the period. Gryphon Financial Partners LLC lifted its stake in shares of JPMorgan Municipal ETF by 4.2% during the fourth quarter. Gryphon Financial Partners LLC now owns 6,045 shares of the company’s stock worth $303,000 after purchasing an additional 245 shares in the last quarter. Fifth Third Securities Inc. boosted its position in shares of JPMorgan Municipal ETF by 3.7% in the fourth quarter. Fifth Third Securities Inc. now owns 8,290 shares of the company’s stock worth $416,000 after buying an additional 292 shares during the period. Walkner Condon Financial Advisors LLC boosted its position in shares of JPMorgan Municipal ETF by 1.4% in the fourth quarter. Walkner Condon Financial Advisors LLC now owns 22,206 shares of the company’s stock worth $1,114,000 after buying an additional 313 shares during the period. Finally, Meridian Financial LLC grew its stake in shares of JPMorgan Municipal ETF by 6.8% in the fourth quarter. Meridian Financial LLC now owns 5,938 shares of the company’s stock valued at $298,000 after buying an additional 378 shares in the last quarter.

JPMorgan Municipal ETF Stock Performance

JPMorgan Municipal ETF stock opened at $50.06 on Tuesday. The firm has a market capitalization of $2.42 billion, a PE ratio of 10.21 and a beta of 0.20. JPMorgan Municipal ETF has a one year low of $49.76 and a one year high of $51.31. The stock’s 50 day moving average price is $50.31 and its 200 day moving average price is $50.55.

JPMorgan Municipal ETF Increases Dividend

The company also recently announced 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 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.