Envestnet Asset Management Inc. Purchases 65,253 Shares of JPMorgan Municipal ETF (BATS:JMUB)

Envestnet Asset Management Inc. lifted its position in JPMorgan Municipal ETF (BATS:JMUB) by 9.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 785,464 shares of the company’s stock after acquiring an additional 65,253 shares during the quarter. Envestnet Asset Management Inc. owned 2.83% of JPMorgan Municipal ETF worth $39,391,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in JMUB. Raymond James Financial Inc. purchased a new stake in JPMorgan Municipal ETF in the 4th quarter worth about $63,229,000. Bailard Inc. purchased a new stake in shares of JPMorgan Municipal ETF in the fourth quarter worth approximately $36,907,000. TIAA Trust National Association purchased a new stake in shares of JPMorgan Municipal ETF in the fourth quarter worth approximately $34,248,000. HighTower Advisors LLC lifted its stake in shares of JPMorgan Municipal ETF by 147.4% during the 4th quarter. HighTower Advisors LLC now owns 999,722 shares of the company’s stock worth $50,136,000 after acquiring an additional 595,710 shares during the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in JPMorgan Municipal ETF during the 4th quarter valued at $29,718,000.

JPMorgan Municipal ETF Stock Down 2.7 %

JMUB stock opened at $48.47 on Friday. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 10.15 and a beta of 0.20. JPMorgan Municipal ETF has a twelve month low of $47.95 and a twelve month high of $51.31. The business’s fifty day simple moving average is $50.10 and its two-hundred day simple moving average is $50.39.

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 given a $0.1429 dividend. The ex-dividend date was Monday, March 3rd. This is a boost from JPMorgan Municipal ETF’s previous dividend of $0.13.

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.