WealthTrak Capital Management LLC Invests $124,000 in JPMorgan Municipal ETF (BATS:JMUB)

WealthTrak Capital Management LLC purchased a new stake in JPMorgan Municipal ETF (BATS:JMUB) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 2,473 shares of the company’s stock, valued at approximately $124,000.

A number of other large investors have also added to or reduced their stakes in the stock. RiverFront Investment Group LLC lifted its position in JPMorgan Municipal ETF by 6.3% during the fourth quarter. RiverFront Investment Group LLC now owns 92,666 shares of the company’s stock worth $4,647,000 after purchasing an additional 5,476 shares during the period. Blair William & Co. IL raised its position in shares of JPMorgan Municipal ETF by 9.2% in the 4th quarter. Blair William & Co. IL now owns 7,100 shares of the company’s stock valued at $356,000 after buying an additional 600 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan Municipal ETF by 6.4% during the 4th quarter. JPMorgan Chase & Co. now owns 252,129 shares of the company’s stock worth $12,644,000 after acquiring an additional 15,249 shares during the period. Signature Estate & Investment Advisors LLC boosted its position in shares of JPMorgan Municipal ETF by 30.0% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 204,206 shares of the company’s stock worth $10,241,000 after acquiring an additional 47,143 shares in the last quarter. Finally, TIAA Trust National Association bought a new position in JPMorgan Municipal ETF in the fourth quarter valued at approximately $34,248,000.

JPMorgan Municipal ETF Price Performance

Shares of JMUB opened at $49.90 on Friday. The firm has a 50 day simple moving average of $50.30 and a two-hundred day simple moving average of $50.52. JPMorgan Municipal ETF has a one year low of $49.68 and a one year high of $51.31. The company has a market cap of $2.51 billion, a P/E ratio of 10.15 and a beta of 0.20.

JPMorgan Municipal ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.1429 per share. The ex-dividend date was Monday, March 3rd. This is a boost 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.