Baker Tilly Wealth Management LLC Boosts Holdings in JPMorgan Municipal ETF (BATS:JMUB)

Baker Tilly Wealth Management LLC boosted its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 109.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,840 shares of the company’s stock after buying an additional 32,894 shares during the quarter. JPMorgan Municipal ETF accounts for approximately 1.4% of Baker Tilly Wealth Management LLC’s investment portfolio, making the stock its 12th largest position. Baker Tilly Wealth Management LLC’s holdings in JPMorgan Municipal ETF were worth $3,222,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. bought a new stake in shares of JPMorgan Municipal ETF during the second quarter worth $58,000. ICA Group Wealth Management LLC lifted its position in shares of JPMorgan Municipal ETF by 62.9% during the second quarter. ICA Group Wealth Management LLC now owns 1,165 shares of the company’s stock worth $59,000 after purchasing an additional 450 shares during the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of JPMorgan Municipal ETF during the first quarter worth $85,000. Madison Wealth Partners Inc bought a new stake in shares of JPMorgan Municipal ETF during the second quarter worth $212,000. Finally, Avantax Advisory Services Inc. bought a new stake in shares of JPMorgan Municipal ETF during the first quarter worth $214,000.

JPMorgan Municipal ETF Stock Performance

BATS:JMUB opened at $50.50 on Monday. The company has a market capitalization of $1.40 billion, a P/E ratio of 10.22 and a beta of 0.08. The stock’s fifty day simple moving average is $50.98 and its two-hundred day simple moving average is $50.64.

JPMorgan Municipal ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, September 5th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.1506 per share. This is an increase from JPMorgan Municipal ETF’s previous dividend of $0.15. The ex-dividend date 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.