CENTRAL TRUST Co Grows Position in JPMorgan Municipal ETF (BATS:JMUB)

Posted by Mark Dietrich on Oct 24th, 2024

CENTRAL TRUST Co grew its stake in shares of JPMorgan Municipal ETF (BATS:JMUB – Free Report) by 16.9% in the third quarter, HoldingsChannel.com reports. The firm owned 528,251 shares of the company’s stock after buying an additional 76,259 shares during the quarter. CENTRAL TRUST Co’s holdings in JPMorgan Municipal ETF were worth $27,083,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in JMUB. Financial Gravity Asset Management Inc. purchased a new stake in shares of JPMorgan Municipal ETF during the second quarter valued at approximately $58,000. ICA Group Wealth Management LLC lifted its stake in JPMorgan Municipal ETF by 62.9% in the second quarter. ICA Group Wealth Management LLC now owns 1,165 shares of the company’s stock worth $59,000 after acquiring an additional 450 shares during the period. GoalVest Advisory LLC purchased a new stake in JPMorgan Municipal ETF in the first quarter worth $79,000. EverSource Wealth Advisors LLC purchased a new stake in JPMorgan Municipal ETF in the first quarter worth $85,000. Finally, Madison Wealth Partners Inc purchased a new stake in JPMorgan Municipal ETF in the second quarter worth $212,000.

JPMorgan Municipal ETF Price Performance

Shares of JMUB stock opened at $50.39 on Thursday. The business has a 50 day simple moving average of $51.00 and a two-hundred day simple moving average of $50.63. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were paid 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.

About JPMorgan Municipal ETF

(Free Report)

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.