Stone Point Wealth LLC Buys 300 Shares of JPMorgan Municipal ETF (BATS:JMUB)

Stone Point Wealth LLC increased its stake in JPMorgan Municipal ETF (BATS:JMUB) by 3.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,496 shares of the company’s stock after purchasing an additional 300 shares during the quarter. Stone Point Wealth LLC’s holdings in JPMorgan Municipal ETF were worth $487,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. raised its holdings in JPMorgan Municipal ETF by 18.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 11,157 shares of the company’s stock valued at $566,000 after acquiring an additional 1,724 shares during the period. Bernardo Wealth Planning LLC bought a new stake in JPMorgan Municipal ETF during the 1st quarter valued at $475,000. BCGM Wealth Management LLC bought a new stake in JPMorgan Municipal ETF during the 1st quarter valued at $257,000. Keudell Morrison Wealth Management raised its holdings in JPMorgan Municipal ETF by 3.1% during the 1st quarter. Keudell Morrison Wealth Management now owns 91,169 shares of the company’s stock valued at $4,626,000 after acquiring an additional 2,716 shares during the period. Finally, WNY Asset Management LLC raised its holdings in JPMorgan Municipal ETF by 70.3% during the 1st quarter. WNY Asset Management LLC now owns 7,390 shares of the company’s stock valued at $375,000 after acquiring an additional 3,050 shares during the period.

JPMorgan Municipal ETF Price Performance

Shares of JMUB stock opened at $50.23 on Friday. The firm’s 50-day simple moving average is $50.88 and its two-hundred day simple moving average is $50.65. The company has a market cap of $1.39 billion, a PE ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Increases Dividend

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

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.