LPL Financial LLC Grows Stock Holdings in JPMorgan Municipal ETF (BATS:JMUB)

LPL Financial LLC grew its position in JPMorgan Municipal ETF (BATS:JMUB) by 18.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,506,748 shares of the company’s stock after buying an additional 394,199 shares during the period. LPL Financial LLC owned 9.03% of JPMorgan Municipal ETF worth $128,521,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of JMUB. Financial Gravity Asset Management Inc. acquired a new position in JPMorgan Municipal ETF during the 2nd quarter valued at about $58,000. ICA Group Wealth Management LLC increased its holdings in shares of JPMorgan Municipal ETF by 62.9% during the second quarter. ICA Group Wealth Management LLC now owns 1,165 shares of the company’s stock valued at $59,000 after acquiring an additional 450 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new position in shares of JPMorgan Municipal ETF in the 1st quarter valued at approximately $85,000. Aptus Capital Advisors LLC raised its position in shares of JPMorgan Municipal ETF by 291.3% in the 3rd quarter. Aptus Capital Advisors LLC now owns 4,026 shares of the company’s stock valued at $206,000 after purchasing an additional 2,997 shares during the last quarter. Finally, Atria Investments Inc acquired a new stake in JPMorgan Municipal ETF in the 3rd quarter worth approximately $208,000.

JPMorgan Municipal ETF Price Performance

Shares of JPMorgan Municipal ETF stock opened at $50.57 on Friday. The company’s 50-day moving average is $50.79 and its 200 day moving average is $50.67. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were given a $0.1506 dividend. This is an increase from JPMorgan Municipal ETF’s previous dividend of $0.15. The ex-dividend date of this dividend was Tuesday, September 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.