Principal Securities Inc. Acquires 4,484 Shares of JPMorgan Municipal ETF (BATS:JMUB)

Principal Securities Inc. increased its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 9.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,802 shares of the company’s stock after purchasing an additional 4,484 shares during the period. Principal Securities Inc.’s holdings in JPMorgan Municipal ETF were worth $2,553,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of JMUB. Raymond James Financial Services Advisors Inc. boosted its position in JPMorgan Municipal ETF by 205.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 853,485 shares of the company’s stock valued at $42,994,000 after acquiring an additional 574,470 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in JPMorgan Municipal ETF by 119.7% during the second quarter. Envestnet Asset Management Inc. now owns 650,088 shares of the company’s stock valued at $32,748,000 after purchasing an additional 354,185 shares in the last quarter. LPL Financial LLC grew its stake in JPMorgan Municipal ETF by 11.2% in the second quarter. LPL Financial LLC now owns 2,112,549 shares of the company’s stock valued at $106,420,000 after purchasing an additional 212,185 shares during the last quarter. Signature Estate & Investment Advisors LLC bought a new position in JPMorgan Municipal ETF in the first quarter worth about $7,483,000. Finally, Smith & Howard Wealth Management LLC lifted its position in shares of JPMorgan Municipal ETF by 70.3% during the second quarter. Smith & Howard Wealth Management LLC now owns 282,002 shares of the company’s stock valued at $14,206,000 after buying an additional 116,432 shares during the last quarter.

JPMorgan Municipal ETF Stock Down 0.1 %

BATS:JMUB opened at $50.34 on Friday. The firm has a fifty day moving average price of $50.94 and a 200-day moving average price of $50.65. The company has a market cap of $1.40 billion, a PE ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, September 5th. Shareholders of record on Tuesday, September 3rd were issued a $0.1506 dividend. This is a positive change from JPMorgan Municipal ETF’s previous dividend of $0.15. The ex-dividend date was Tuesday, September 3rd.

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.