Independent Advisor Alliance Acquires Shares of 44,991 JPMorgan Municipal ETF (BATS:JMUB)

Independent Advisor Alliance bought a new position in JPMorgan Municipal ETF (BATS:JMUB) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 44,991 shares of the company’s stock, valued at approximately $2,256,000. Independent Advisor Alliance owned about 0.16% of JPMorgan Municipal ETF as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of JPMorgan Municipal ETF in the fourth quarter worth approximately $63,229,000. Bailard Inc. bought a new stake in JPMorgan Municipal ETF in the 4th quarter worth approximately $36,907,000. LPL Financial LLC grew its position in JPMorgan Municipal ETF by 18.7% in the 3rd quarter. LPL Financial LLC now owns 2,506,748 shares of the company’s stock worth $128,521,000 after purchasing an additional 394,199 shares during the period. BlueStem Wealth Partners LLC purchased a new stake in JPMorgan Municipal ETF during the 4th quarter valued at $19,471,000. Finally, Marcum Wealth LLC bought a new position in shares of JPMorgan Municipal ETF during the 4th quarter valued at $16,720,000.

JPMorgan Municipal ETF Stock Up 0.7 %

Shares of JMUB opened at $50.16 on Friday. JPMorgan Municipal ETF has a 52 week low of $49.76 and a 52 week high of $51.31. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 10.21 and a beta of 0.20. The business has a 50-day simple moving average of $50.30 and a two-hundred day simple moving average of $50.59.

JPMorgan Municipal ETF Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.1429 per share. This is a boost from JPMorgan Municipal ETF’s previous dividend of $0.13. The ex-dividend date of this dividend was Monday, March 3rd.

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.