Hollencrest Capital Management Purchases New Stake in JPMorgan Municipal ETF (BATS:JMUB)

Hollencrest Capital Management purchased a new stake in shares of JPMorgan Municipal ETF (BATS:JMUB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,750 shares of the company’s stock, valued at approximately $138,000.

Other institutional investors also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. grew 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 during the period. Allworth Financial LP bought a new position in JPMorgan Municipal ETF during the fourth quarter worth about $77,000. Blue Investment Partners LLC bought a new position in JPMorgan Municipal ETF during the third quarter worth about $203,000. Aptus Capital Advisors LLC boosted its position in JPMorgan Municipal ETF by 291.3% during the third quarter. Aptus Capital Advisors LLC now owns 4,026 shares of the company’s stock worth $206,000 after purchasing an additional 2,997 shares during the period. Finally, Atria Investments Inc bought a new position in JPMorgan Municipal ETF during the third quarter worth about $208,000.

JPMorgan Municipal ETF Stock Up 0.7 %

Shares of BATS:JMUB opened at $50.17 on Thursday. The firm has a market capitalization of $2.43 billion, a PE ratio of 10.21 and a beta of 0.20. JPMorgan Municipal ETF has a twelve month low of $49.76 and a twelve month high of $51.31. The company has a 50-day moving average price of $50.30 and a two-hundred day moving average price of $50.60.

JPMorgan Municipal ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were given a dividend of $0.1429 per share. The ex-dividend date was Monday, March 3rd. This is a positive change 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.