Woodmont Investment Counsel LLC Increases Stock Holdings in JPMorgan Municipal ETF (BATS:JMUB)

Woodmont Investment Counsel LLC increased its stake in JPMorgan Municipal ETF (BATS:JMUB) by 16.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,130 shares of the company’s stock after acquiring an additional 984 shares during the period. Woodmont Investment Counsel LLC’s holdings in JPMorgan Municipal ETF were worth $358,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. increased its position in JPMorgan Municipal ETF by 1.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,114 shares of the company’s stock worth $708,000 after purchasing an additional 205 shares during the period. Gryphon Financial Partners LLC grew its position in shares of JPMorgan Municipal ETF by 4.2% in the fourth quarter. Gryphon Financial Partners LLC now owns 6,045 shares of the company’s stock valued at $303,000 after purchasing an additional 245 shares during the period. Fifth Third Securities Inc. increased its position in JPMorgan Municipal ETF by 3.7% during the fourth quarter. Fifth Third Securities Inc. now owns 8,290 shares of the company’s stock worth $416,000 after purchasing an additional 292 shares during the last quarter. Walkner Condon Financial Advisors LLC raised its position in shares of JPMorgan Municipal ETF by 1.4% in the 4th quarter. Walkner Condon Financial Advisors LLC now owns 22,206 shares of the company’s stock worth $1,114,000 after buying an additional 313 shares during the period. Finally, Meridian Financial LLC lifted its stake in shares of JPMorgan Municipal ETF by 6.8% in the 4th quarter. Meridian Financial LLC now owns 5,938 shares of the company’s stock valued at $298,000 after purchasing an additional 378 shares in the last quarter.

JPMorgan Municipal ETF Trading Up 0.5 %

Shares of BATS JMUB opened at $50.06 on Tuesday. The company has a market cap of $2.42 billion, a P/E ratio of 10.21 and a beta of 0.20. JPMorgan Municipal ETF has a 12-month low of $49.76 and a 12-month high of $51.31. The stock has a fifty day moving average price of $50.31 and a 200 day moving average price of $50.55.

JPMorgan Municipal ETF Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were given a dividend of $0.1429 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from JPMorgan Municipal ETF’s previous dividend of $0.13.

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.