Kooman & Associates Increases Stock Position in JPMorgan Municipal ETF (BATS:JMUB)

Kooman & Associates lifted its stake in JPMorgan Municipal ETF (BATS:JMUB) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,102 shares of the company’s stock after purchasing an additional 781 shares during the period. JPMorgan Municipal ETF accounts for about 0.6% of Kooman & Associates’ investment portfolio, making the stock its 13th biggest holding. Kooman & Associates owned about 0.12% of JPMorgan Municipal ETF worth $1,660,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Sunbelt Securities Inc. increased its stake in shares of JPMorgan Municipal ETF by 208.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,118 shares of the company’s stock worth $57,000 after acquiring an additional 755 shares in the last quarter. Allworth Financial LP bought a new stake in JPMorgan Municipal ETF during the 4th quarter valued at about $77,000. Blue Investment Partners LLC bought a new stake in JPMorgan Municipal ETF during the 3rd quarter valued at about $203,000. Aptus Capital Advisors LLC increased its stake in JPMorgan Municipal ETF by 291.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 4,026 shares of the company’s stock valued at $206,000 after purchasing an additional 2,997 shares in the last quarter. Finally, Atria Investments Inc bought a new stake in JPMorgan Municipal ETF during the 3rd quarter valued at about $208,000.

JPMorgan Municipal ETF Stock Performance

BATS:JMUB opened at $50.47 on Friday. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 10.19 and a beta of 0.08. The company’s fifty day moving average price is $50.24 and its 200-day moving average price is $50.63.

JPMorgan Municipal ETF Cuts Dividend

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

JPMorgan Municipal ETF 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.