Commonwealth Equity Services LLC Buys 44,359 Shares of JPMorgan Municipal ETF (BATS:JMUB)

Commonwealth Equity Services LLC grew its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 14.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 351,299 shares of the company’s stock after acquiring an additional 44,359 shares during the period. Commonwealth Equity Services LLC’s holdings in JPMorgan Municipal ETF were worth $17,618,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in JPMorgan Municipal ETF in the 4th quarter worth approximately $63,229,000. Bailard Inc. bought a new stake in shares of JPMorgan Municipal ETF in the 4th quarter worth $36,907,000. HighTower Advisors LLC raised its stake in shares of JPMorgan Municipal ETF by 147.4% in the fourth quarter. HighTower Advisors LLC now owns 999,722 shares of the company’s stock worth $50,136,000 after purchasing an additional 595,710 shares during the last quarter. Wealthfront Advisers LLC bought a new position in shares of JPMorgan Municipal ETF during the fourth quarter valued at $29,718,000. Finally, LPL Financial LLC boosted its position in shares of JPMorgan Municipal ETF by 18.7% during the third quarter. LPL Financial LLC now owns 2,506,748 shares of the company’s stock valued at $128,521,000 after buying an additional 394,199 shares during the last quarter.

JPMorgan Municipal ETF Stock Performance

BATS JMUB opened at $50.16 on Tuesday. JPMorgan Municipal ETF has a one year low of $49.76 and a one year high of $51.31. The stock has a 50-day moving average of $50.30 and a 200 day moving average of $50.58. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 10.21 and a beta of 0.20.

JPMorgan Municipal ETF Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were paid a $0.1429 dividend. The ex-dividend date was Monday, March 3rd. This is a positive change 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.