Wealthfront Advisers LLC Invests $29.72 Million in JPMorgan Municipal ETF (BATS:JMUB)

Wealthfront Advisers LLC purchased a new stake in JPMorgan Municipal ETF (BATS:JMUB) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 592,590 shares of the company’s stock, valued at approximately $29,718,000.

A number of other large investors also recently modified their holdings of JMUB. Sunbelt Securities Inc. lifted its position in JPMorgan Municipal ETF by 208.0% during the third quarter. Sunbelt Securities Inc. now owns 1,118 shares of the company’s stock valued at $57,000 after buying an additional 755 shares in the last quarter. Allworth Financial LP acquired a new stake in shares of JPMorgan Municipal ETF during the fourth quarter worth approximately $77,000. Blue Investment Partners LLC bought a new position in shares of JPMorgan Municipal ETF in the third quarter valued at approximately $203,000. Aptus Capital Advisors LLC grew its stake in shares of JPMorgan Municipal ETF by 291.3% in the third quarter. Aptus Capital Advisors LLC now owns 4,026 shares of the company’s stock worth $206,000 after acquiring an additional 2,997 shares during the last quarter. Finally, Atria Investments Inc bought a new position in shares of JPMorgan Municipal ETF in the third quarter valued at about $208,000.

JPMorgan Municipal ETF Trading Up 1.0 %

Shares of BATS:JMUB opened at $50.28 on Wednesday. The stock has a market capitalization of $2.43 billion, a P/E ratio of 10.21 and a beta of 0.20. The business has a 50-day moving average price of $50.30 and a two-hundred day moving average price of $50.60. JPMorgan Municipal ETF has a 1-year low of $49.76 and a 1-year 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 $0.1429 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from JPMorgan Municipal ETF’s previous dividend of $0.13.

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.