Jacobi Capital Management LLC Raises Position in JPMorgan Municipal ETF (BATS:JMUB)

Jacobi Capital Management LLC lifted its position in JPMorgan Municipal ETF (BATS:JMUB) by 37.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 17,805 shares of the company’s stock after acquiring an additional 4,821 shares during the period. Jacobi Capital Management LLC’s holdings in JPMorgan Municipal ETF were worth $893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Fifth Third Securities Inc. grew its position in JPMorgan Municipal ETF by 3.7% during the 4th 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 period. Stone Point Wealth LLC grew its position in JPMorgan Municipal ETF by 3.3% during the 3rd quarter. Stone Point Wealth LLC now owns 9,496 shares of the company’s stock worth $487,000 after purchasing an additional 300 shares during the period. D Orazio & Associates Inc. grew its position in JPMorgan Municipal ETF by 6.6% during the 3rd quarter. D Orazio & Associates Inc. now owns 4,975 shares of the company’s stock worth $255,000 after purchasing an additional 308 shares during the period. Walkner Condon Financial Advisors LLC grew its position in JPMorgan Municipal ETF by 1.4% during the 4th quarter. Walkner Condon Financial Advisors LLC now owns 22,206 shares of the company’s stock worth $1,114,000 after purchasing an additional 313 shares during the period. Finally, Meridian Financial LLC grew its position in JPMorgan Municipal ETF by 6.8% during the 4th quarter. Meridian Financial LLC now owns 5,938 shares of the company’s stock worth $298,000 after purchasing an additional 378 shares during the period.

JPMorgan Municipal ETF Price Performance

Shares of JMUB opened at $50.76 on Friday. The stock’s fifty day moving average is $50.27 and its 200-day moving average is $50.62. The firm has a market cap of $1.41 billion, a P/E ratio of 10.19 and a beta of 0.08.

JPMorgan Municipal ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.1429 per share. This is a positive change from JPMorgan Municipal ETF’s previous dividend of $0.13. The ex-dividend date is Monday, March 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.