Beta Wealth Group Inc. Acquires 2,171 Shares of JPMorgan Municipal ETF (BATS:JMUB)

Beta Wealth Group Inc. boosted its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 212,351 shares of the company’s stock after purchasing an additional 2,171 shares during the quarter. JPMorgan Municipal ETF comprises 4.7% of Beta Wealth Group Inc.’s investment portfolio, making the stock its 4th largest holding. Beta Wealth Group Inc. owned 0.77% of JPMorgan Municipal ETF worth $10,649,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Fortis Group Advisors LLC acquired a new stake in JPMorgan Municipal ETF during the 4th quarter worth approximately $590,000. Sanctuary Advisors LLC raised its stake in shares of JPMorgan Municipal ETF by 16.7% during the fourth quarter. Sanctuary Advisors LLC now owns 10,610 shares of the company’s stock worth $535,000 after purchasing an additional 1,516 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of JPMorgan Municipal ETF during the fourth quarter worth $77,000. Principal Securities Inc. grew its position in JPMorgan Municipal ETF by 9.7% in the 4th quarter. Principal Securities Inc. now owns 54,635 shares of the company’s stock valued at $2,740,000 after buying an additional 4,833 shares during the last quarter. Finally, Vicus Capital grew its position in JPMorgan Municipal ETF by 1.1% in the 4th quarter. Vicus Capital now owns 69,318 shares of the company’s stock valued at $3,476,000 after buying an additional 783 shares during the last quarter.

JPMorgan Municipal ETF Stock Performance

Shares of JPMorgan Municipal ETF stock opened at $50.35 on Tuesday. The stock has a market cap of $1.40 billion, a P/E ratio of 10.22 and a beta of 0.08. The stock’s 50 day moving average price is $50.28 and its two-hundred day moving average price is $50.65.

JPMorgan Municipal ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.1299 per share. The ex-dividend date was Monday, February 3rd.

About JPMorgan Municipal ETF

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.