Wealth Enhancement Advisory Services LLC Purchases 38,001 Shares of JPMorgan Municipal ETF (BATS:JMUB)

Wealth Enhancement Advisory Services LLC raised its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 5.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 768,550 shares of the company’s stock after buying an additional 38,001 shares during the period. Wealth Enhancement Advisory Services LLC owned about 2.77% of JPMorgan Municipal ETF worth $39,404,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of JMUB. LPL Financial LLC lifted its position in JPMorgan Municipal ETF by 11.2% during the 2nd quarter. LPL Financial LLC now owns 2,112,549 shares of the company’s stock worth $106,420,000 after buying an additional 212,185 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of JPMorgan Municipal ETF by 9.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,130,986 shares of the company’s stock worth $56,973,000 after purchasing an additional 94,579 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of JPMorgan Municipal ETF by 205.9% during the second 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. FORVIS Wealth Advisors LLC grew its stake in shares of JPMorgan Municipal ETF by 40.5% during the first quarter. FORVIS Wealth Advisors LLC now owns 727,190 shares of the company’s stock valued at $36,898,000 after purchasing an additional 209,487 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in JPMorgan Municipal ETF by 119.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 650,088 shares of the company’s stock worth $32,748,000 after buying an additional 354,185 shares in the last quarter.

JPMorgan Municipal ETF Price Performance

Shares of JMUB opened at $50.50 on Friday. The company has a 50 day moving average price of $50.98 and a two-hundred day moving average price of $50.63. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were given a $0.1506 dividend. This is a positive change from JPMorgan Municipal ETF’s previous dividend of $0.15. The ex-dividend date of this dividend was Tuesday, September 3rd.

JPMorgan Municipal ETF Company 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.