JPMorgan Municipal ETF (BATS:JMUB) Shares Bought by AllGen Financial Advisors Inc.

AllGen Financial Advisors Inc. boosted its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 6.5% in the fourth quarter, HoldingsChannel reports. The firm owned 188,833 shares of the company’s stock after buying an additional 11,509 shares during the period. JPMorgan Municipal ETF accounts for about 5.0% of AllGen Financial Advisors Inc.’s holdings, making the stock its 7th biggest holding. AllGen Financial Advisors Inc.’s holdings in JPMorgan Municipal ETF were worth $9,623,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its stake in shares of JPMorgan Municipal ETF by 21.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 136,502 shares of the company’s stock valued at $6,603,000 after purchasing an additional 23,758 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of JPMorgan Municipal ETF by 70.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 7,553 shares of the company’s stock valued at $365,000 after buying an additional 3,128 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in JPMorgan Municipal ETF by 24.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 64,788 shares of the company’s stock worth $3,134,000 after acquiring an additional 12,647 shares in the last quarter. Stone Point Wealth LLC acquired a new position in JPMorgan Municipal ETF during the third quarter worth $272,000. Finally, Stephens Consulting LLC lifted its holdings in JPMorgan Municipal ETF by 4.1% during the third quarter. Stephens Consulting LLC now owns 123,179 shares of the company’s stock valued at $5,958,000 after purchasing an additional 4,893 shares in the last quarter.

JPMorgan Municipal ETF Stock Up 0.2 %

Shares of BATS JMUB traded up $0.09 during trading on Friday, hitting $50.24. The company had a trading volume of 248,389 shares. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 10.19 and a beta of 0.07. The firm’s fifty day simple moving average is $50.49 and its two-hundred day simple moving average is $50.21.

JPMorgan Municipal ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, April 4th. Investors of record on Tuesday, April 2nd were issued a $0.1449 dividend. This is a boost from JPMorgan Municipal ETF’s previous dividend of $0.14. The ex-dividend date was Monday, April 1st.

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.