Diversified Portfolios Inc. Boosts Stake in JPMorgan Municipal ETF (BATS:JMUB)

Diversified Portfolios Inc. increased its position in JPMorgan Municipal ETF (BATS:JMUB) by 12.2% in the fourth quarter, HoldingsChannel reports. The firm owned 123,690 shares of the company’s stock after purchasing an additional 13,430 shares during the quarter. Diversified Portfolios Inc.’s holdings in JPMorgan Municipal ETF were worth $6,203,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. LPL Financial LLC lifted its position in JPMorgan Municipal ETF by 18.7% during the third quarter. LPL Financial LLC now owns 2,506,748 shares of the company’s stock valued at $128,521,000 after buying an additional 394,199 shares during the period. Marcum Wealth LLC bought a new position in shares of JPMorgan Municipal ETF in the 4th quarter worth about $16,720,000. Raymond James & Associates lifted its position in JPMorgan Municipal ETF by 40.1% during the 3rd quarter. Raymond James & Associates now owns 404,255 shares of the company’s stock valued at $20,726,000 after acquiring an additional 115,690 shares during the period. Magnus Financial Group LLC boosted its stake in JPMorgan Municipal ETF by 48.6% during the third quarter. Magnus Financial Group LLC now owns 322,192 shares of the company’s stock worth $16,519,000 after acquiring an additional 105,360 shares in the last quarter. Finally, Ameritas Advisory Services LLC boosted its stake in JPMorgan Municipal ETF by 89.3% during the fourth quarter. Ameritas Advisory Services LLC now owns 193,660 shares of the company’s stock worth $9,712,000 after acquiring an additional 91,376 shares in the last quarter.

JPMorgan Municipal ETF Stock Up 1.2 %

Shares of BATS JMUB opened at $50.38 on Wednesday. The firm’s fifty day simple moving average is $50.33 and its 200 day simple moving average is $50.66. The company has a market capitalization of $1.40 billion, a P/E ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, February 3rd were given a dividend of $0.1299 per share. The ex-dividend date was Monday, February 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.