NBT Bank N A NY Reduces Stake in JPMorgan Municipal ETF (BATS:JMUB)

NBT Bank N A NY trimmed its stake in JPMorgan Municipal ETF (BATS:JMUB) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,175 shares of the company’s stock after selling 3,265 shares during the quarter. NBT Bank N A NY owned approximately 0.16% of JPMorgan Municipal ETF worth $2,165,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JMUB. Raymond James Financial Inc. purchased a new position in JPMorgan Municipal ETF in the fourth quarter valued at about $63,229,000. Bailard Inc. purchased a new position in JPMorgan Municipal ETF in the fourth quarter valued at about $36,907,000. LPL Financial LLC lifted its stake in shares of JPMorgan Municipal ETF by 18.7% during the 3rd quarter. LPL Financial LLC now owns 2,506,748 shares of the company’s stock valued at $128,521,000 after buying an additional 394,199 shares in the last quarter. BlueStem Wealth Partners LLC purchased a new stake in shares of JPMorgan Municipal ETF during the 4th quarter valued at approximately $19,471,000. Finally, Marcum Wealth LLC purchased a new stake in shares of JPMorgan Municipal ETF during the 4th quarter valued at approximately $16,720,000.

JPMorgan Municipal ETF Trading Up 1.3 %

Shares of JMUB stock opened at $50.43 on Tuesday. The stock has a market capitalization of $2.44 billion, a P/E ratio of 10.21 and a beta of 0.20. The firm’s 50 day moving average is $50.30 and its 200 day moving average is $50.60. JPMorgan Municipal ETF has a 12 month low of $49.76 and a 12 month high of $51.31.

JPMorgan Municipal ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 5th. Investors 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 was Monday, March 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.