Planning Directions Inc. Makes New $922,000 Investment in JPMorgan Municipal ETF (BATS:JMUB)

Planning Directions Inc. acquired a new stake in shares of JPMorgan Municipal ETF (BATS:JMUB) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 17,976 shares of the company’s stock, valued at approximately $922,000. Planning Directions Inc. owned 0.06% of JPMorgan Municipal ETF at the end of the most recent quarter.

Several other large investors have also made changes to their positions in JMUB. Raymond James Financial Services Advisors Inc. grew its holdings in JPMorgan Municipal ETF by 205.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 853,485 shares of the company’s stock worth $42,994,000 after acquiring an additional 574,470 shares during the period. Envestnet Asset Management Inc. increased its holdings in JPMorgan Municipal ETF by 119.7% in the second quarter. Envestnet Asset Management Inc. now owns 650,088 shares of the company’s stock valued at $32,748,000 after buying an additional 354,185 shares in the last quarter. LPL Financial LLC increased its stake in shares of JPMorgan Municipal ETF by 11.2% in the 2nd 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 in the last quarter. Smith & Howard Wealth Management LLC raised its holdings in JPMorgan Municipal ETF by 70.3% in the 2nd quarter. Smith & Howard Wealth Management LLC now owns 282,002 shares of the company’s stock worth $14,206,000 after purchasing an additional 116,432 shares during the period. Finally, Raymond James & Associates boosted its position in JPMorgan Municipal ETF by 40.1% during the third quarter. Raymond James & Associates now owns 404,255 shares of the company’s stock worth $20,726,000 after purchasing an additional 115,690 shares in the last quarter.

JPMorgan Municipal ETF Stock Performance

Shares of JMUB opened at $50.54 on Monday. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 10.22 and a beta of 0.08. The firm has a 50 day simple moving average of $50.83 and a 200 day simple moving average of $50.66.

JPMorgan Municipal ETF Increases Dividend

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

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.