Boston Standard Wealth Management LLC Acquires New Position in JPMorgan Municipal ETF (BATS:JMUB)

Boston Standard Wealth Management LLC acquired a new stake in JPMorgan Municipal ETF (BATS:JMUB) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 6,627 shares of the company’s stock, valued at approximately $332,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mather Group LLC. raised its holdings in shares of JPMorgan Municipal ETF by 21.5% during the fourth quarter. Mather Group LLC. now owns 127,398 shares of the company’s stock worth $6,389,000 after acquiring an additional 22,530 shares in the last quarter. Stephens Consulting LLC increased its position in JPMorgan Municipal ETF by 3.4% in the 4th quarter. Stephens Consulting LLC now owns 312,530 shares of the company’s stock worth $15,673,000 after purchasing an additional 10,372 shares during the last quarter. Financial Strategies Group Inc. raised its stake in shares of JPMorgan Municipal ETF by 9.5% during the 4th quarter. Financial Strategies Group Inc. now owns 11,234 shares of the company’s stock worth $560,000 after purchasing an additional 975 shares in the last quarter. Resonant Capital Advisors LLC lifted its holdings in shares of JPMorgan Municipal ETF by 22.4% during the 4th quarter. Resonant Capital Advisors LLC now owns 83,436 shares of the company’s stock valued at $4,190,000 after buying an additional 15,287 shares during the last quarter. Finally, Golden State Equity Partners grew its stake in shares of JPMorgan Municipal ETF by 4.9% in the 4th quarter. Golden State Equity Partners now owns 17,694 shares of the company’s stock valued at $887,000 after buying an additional 822 shares in the last quarter.

JPMorgan Municipal ETF Stock Up 1.1 %

BATS:JMUB opened at $50.36 on Wednesday. The firm has a market capitalization of $1.40 billion, a P/E ratio of 10.22 and a beta of 0.08. The stock has a 50 day moving average price of $50.38 and a 200 day moving average price of $50.67.

JPMorgan Municipal ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.1299 per share. The ex-dividend date of this dividend is Monday, February 3rd.

JPMorgan Municipal ETF Company 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.