Summit Wealth Partners LLC Buys 1,521 Shares of JPMorgan Municipal ETF (BATS:JMUB)

Summit Wealth Partners LLC grew its stake in JPMorgan Municipal ETF (BATS:JMUB) by 3.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,055 shares of the company’s stock after acquiring an additional 1,521 shares during the quarter. Summit Wealth Partners LLC’s holdings in JPMorgan Municipal ETF were worth $2,207,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of JMUB. LPL Financial LLC increased its position in shares of JPMorgan Municipal ETF by 11.2% in the 2nd quarter. LPL Financial LLC now owns 2,112,549 shares of the company’s stock valued at $106,420,000 after buying an additional 212,185 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of JPMorgan Municipal ETF by 9.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,130,986 shares of the company’s stock worth $56,973,000 after acquiring an additional 94,579 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of JPMorgan Municipal ETF by 205.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 853,485 shares of the company’s stock worth $42,994,000 after purchasing an additional 574,470 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of JPMorgan Municipal ETF by 5.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 768,550 shares of the company’s stock valued at $39,404,000 after purchasing an additional 38,001 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of JPMorgan Municipal ETF by 119.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 650,088 shares of the company’s stock valued at $32,748,000 after purchasing an additional 354,185 shares during the period.

JPMorgan Municipal ETF Stock Performance

Shares of JMUB opened at $50.51 on Friday. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 10.22 and a beta of 0.08. The firm has a fifty day moving average of $50.95 and a 200 day moving average of $50.64.

JPMorgan Municipal ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, September 5th. Stockholders of record on Tuesday, September 3rd were issued a $0.1506 dividend. This is a positive change 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.