Freedom Investment Management Inc. Acquires 1,355 Shares of JPMorgan Municipal ETF (BATS:JMUB)

Freedom Investment Management Inc. grew its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 2.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,968 shares of the company’s stock after acquiring an additional 1,355 shares during the period. Freedom Investment Management Inc. owned 0.24% of JPMorgan Municipal ETF worth $3,485,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of JMUB. Raymond James Financial Services Advisors Inc. grew its stake in 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 valued at $42,994,000 after acquiring an additional 574,470 shares in the last quarter. LPL Financial LLC increased its position in 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 acquiring an additional 394,199 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of JPMorgan Municipal ETF by 119.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 650,088 shares of the company’s stock worth $32,748,000 after acquiring an additional 354,185 shares during the last quarter. Smith & Howard Wealth Management LLC increased its stake in JPMorgan Municipal ETF by 70.3% in the second quarter. Smith & Howard Wealth Management LLC now owns 282,002 shares of the company’s stock worth $14,206,000 after purchasing an additional 116,432 shares during the period. Finally, Raymond James & Associates increased its position in JPMorgan Municipal ETF by 40.1% during the 3rd quarter. Raymond James & Associates now owns 404,255 shares of the company’s stock valued at $20,726,000 after purchasing an additional 115,690 shares during the period.

JPMorgan Municipal ETF Stock Up 0.1 %

Shares of BATS:JMUB opened at $50.77 on Wednesday. The company has a market capitalization of $1.41 billion, a P/E ratio of 10.22 and a beta of 0.08. The business has a 50 day simple moving average of $50.75 and a 200 day simple moving average of $50.68.

JPMorgan Municipal ETF Increases Dividend

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

JPMorgan Municipal ETF Company 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.