Great Valley Advisor Group Inc. Has $7.91 Million Position in JPMorgan Municipal ETF (BATS:JMUB)

Great Valley Advisor Group Inc. increased its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 5.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 154,291 shares of the company’s stock after buying an additional 8,423 shares during the quarter. Great Valley Advisor Group Inc. owned 0.56% of JPMorgan Municipal ETF worth $7,910,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. acquired a new stake in JPMorgan Municipal ETF in the second quarter worth about $58,000. ICA Group Wealth Management LLC lifted its stake in JPMorgan Municipal ETF by 62.9% in the second quarter. ICA Group Wealth Management LLC now owns 1,165 shares of the company’s stock valued at $59,000 after buying an additional 450 shares during the period. EverSource Wealth Advisors LLC acquired a new position in shares of JPMorgan Municipal ETF during the 1st quarter worth about $85,000. Aptus Capital Advisors LLC raised its position in shares of JPMorgan Municipal ETF by 291.3% in the 3rd quarter. Aptus Capital Advisors LLC now owns 4,026 shares of the company’s stock valued at $206,000 after acquiring an additional 2,997 shares during the period. Finally, Atria Investments Inc acquired a new position in JPMorgan Municipal ETF during the third quarter valued at approximately $208,000.

JPMorgan Municipal ETF Stock Performance

BATS:JMUB opened at $50.57 on Friday. 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 50-day moving average price is $50.77 and its 200-day moving average price is $50.67.

JPMorgan Municipal ETF Increases Dividend

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

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.