Washington Trust Bank Buys Shares of 7,720 JPMorgan Municipal ETF (BATS:JMUB)

Washington Trust Bank acquired a new position in JPMorgan Municipal ETF (BATS:JMUB) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 7,720 shares of the company’s stock, valued at approximately $387,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. LPL Financial LLC grew its holdings in JPMorgan Municipal ETF by 18.7% during the 3rd 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 last quarter. Raymond James Financial Inc. purchased a new stake in shares of JPMorgan Municipal ETF in the fourth quarter valued at $63,229,000. HighTower Advisors LLC boosted its stake in shares of JPMorgan Municipal ETF by 147.4% during the fourth quarter. HighTower Advisors LLC now owns 999,722 shares of the company’s stock valued at $50,136,000 after acquiring an additional 595,710 shares during the last quarter. Forvis Mazars Wealth Advisors LLC increased its position in JPMorgan Municipal ETF by 9.6% during the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 924,781 shares of the company’s stock worth $46,378,000 after purchasing an additional 81,180 shares in the last quarter. Finally, Bailard Inc. acquired a new position in JPMorgan Municipal ETF in the 4th quarter valued at about $36,907,000.

JPMorgan Municipal ETF Price Performance

JPMorgan Municipal ETF stock opened at $50.17 on Friday. The stock has a market capitalization of $2.43 billion, a P/E ratio of 10.21 and a beta of 0.20. JPMorgan Municipal ETF has a 12-month low of $49.76 and a 12-month high of $51.31. The firm’s 50-day moving average is $50.30 and its two-hundred day moving average is $50.56.

JPMorgan Municipal ETF Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were given a dividend of $0.1429 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from JPMorgan Municipal ETF’s previous dividend of $0.13.

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.