Prentice Wealth Management LLC Grows Stake in JPMorgan Municipal ETF (BATS:JMUB)

Prentice Wealth Management LLC lifted its stake in JPMorgan Municipal ETF (BATS:JMUB) by 10.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 77,655 shares of the company’s stock after buying an additional 7,481 shares during the quarter. JPMorgan Municipal ETF makes up 1.1% of Prentice Wealth Management LLC’s holdings, making the stock its 19th largest holding. Prentice Wealth Management LLC’s holdings in JPMorgan Municipal ETF were worth $3,894,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Sunbelt Securities Inc. raised its holdings in JPMorgan Municipal ETF by 208.0% in the third quarter. Sunbelt Securities Inc. now owns 1,118 shares of the company’s stock worth $57,000 after buying an additional 755 shares during the last quarter. Allworth Financial LP bought a new stake in shares of JPMorgan Municipal ETF during the fourth quarter valued at approximately $77,000. Blue Investment Partners LLC purchased a new position in JPMorgan Municipal ETF in the 3rd quarter worth approximately $203,000. Aptus Capital Advisors LLC lifted its position in 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 in the last quarter. Finally, Atria Investments Inc purchased a new stake in JPMorgan Municipal ETF during the 3rd quarter valued at $208,000.

JPMorgan Municipal ETF Trading Up 1.3 %

JPMorgan Municipal ETF stock opened at $50.47 on Friday. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 10.19 and a beta of 0.08. The business has a 50 day simple moving average of $50.24 and a two-hundred day simple moving average of $50.64.

JPMorgan Municipal ETF Cuts Dividend

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

About JPMorgan Municipal ETF

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.