Keudell Morrison Wealth Management Buys 1,694 Shares of JPMorgan Municipal ETF (BATS:JMUB)

Keudell Morrison Wealth Management boosted its stake in JPMorgan Municipal ETF (BATS:JMUB) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 91,832 shares of the company’s stock after purchasing an additional 1,694 shares during the period. JPMorgan Municipal ETF makes up approximately 1.3% of Keudell Morrison Wealth Management’s holdings, making the stock its 14th largest position. Keudell Morrison Wealth Management’s holdings in JPMorgan Municipal ETF were worth $4,708,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. increased its position in shares of JPMorgan Municipal ETF by 205.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 853,485 shares of the company’s stock valued at $42,994,000 after purchasing an additional 574,470 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in JPMorgan Municipal ETF by 119.7% during the second quarter. Envestnet Asset Management Inc. now owns 650,088 shares of the company’s stock valued at $32,748,000 after buying an additional 354,185 shares during the last quarter. LPL Financial LLC raised its position in JPMorgan Municipal ETF by 11.2% in the second quarter. LPL Financial LLC now owns 2,112,549 shares of the company’s stock worth $106,420,000 after acquiring an additional 212,185 shares during the period. Signature Estate & Investment Advisors LLC purchased a new position in shares of JPMorgan Municipal ETF during the 1st quarter worth $7,483,000. Finally, Smith & Howard Wealth Management LLC boosted its stake in shares of JPMorgan Municipal ETF by 70.3% during the 2nd quarter. Smith & Howard Wealth Management LLC now owns 282,002 shares of the company’s stock worth $14,206,000 after acquiring an additional 116,432 shares during the last quarter.

JPMorgan Municipal ETF Stock Performance

Shares of BATS:JMUB traded down $0.51 during midday trading on Thursday, hitting $49.98. The company had a trading volume of 458,327 shares. The business has a 50-day simple moving average of $50.90 and a two-hundred day simple moving average of $50.65. The firm has a market cap of $1.39 billion, a P/E ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, September 5th. Shareholders of record on Tuesday, September 3rd were given a $0.1506 dividend. This is a boost from JPMorgan Municipal ETF’s previous dividend of $0.15. The ex-dividend date was Tuesday, September 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.