Condor Capital Management Buys 6,455 Shares of JPMorgan Municipal ETF (BATS:JMUB)

Condor Capital Management lifted its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 2.6% during the 4th quarter, HoldingsChannel reports. The firm owned 250,282 shares of the company’s stock after acquiring an additional 6,455 shares during the period. JPMorgan Municipal ETF comprises 1.1% of Condor Capital Management’s investment portfolio, making the stock its 25th largest position. Condor Capital Management’s holdings in JPMorgan Municipal ETF were worth $12,552,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. LPL Financial LLC grew its holdings in JPMorgan Municipal ETF by 18.7% during the 3rd quarter. LPL Financial LLC now owns 2,506,748 shares of the company’s stock worth $128,521,000 after acquiring an additional 394,199 shares during the last quarter. Raymond James Financial Inc. bought a new stake in JPMorgan Municipal ETF during the 4th quarter worth approximately $63,229,000. HighTower Advisors LLC grew its holdings in JPMorgan Municipal ETF by 147.4% during the 4th quarter. HighTower Advisors LLC now owns 999,722 shares of the company’s stock worth $50,136,000 after acquiring an additional 595,710 shares during the last quarter. Forvis Mazars Wealth Advisors LLC grew its holdings in JPMorgan Municipal ETF by 9.6% during the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 924,781 shares of the company’s stock worth $46,378,000 after acquiring an additional 81,180 shares during the last quarter. Finally, Bailard Inc. bought a new stake in JPMorgan Municipal ETF during the 4th quarter worth approximately $36,907,000.

JPMorgan Municipal ETF Stock Performance

Shares of BATS JMUB opened at $50.17 on Thursday. The company has a market capitalization of $2.43 billion, a P/E ratio of 10.21 and a beta of 0.20. JPMorgan Municipal ETF has a 52-week low of $49.76 and a 52-week high of $51.31. The company’s 50 day moving average price is $50.30 and its 200-day moving average price is $50.57.

JPMorgan Municipal ETF Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 5th. Investors 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 an increase 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.