Envestnet Asset Management Inc. Raises Holdings in JPMorgan Municipal ETF (BATS:JMUB)

Posted by Ethan Ryder on Sep 21st, 2024

Envestnet Asset Management Inc. grew its position in shares of JPMorgan Municipal ETF (BATS:JMUB – Free Report) by 119.7% in the second quarter, HoldingsChannel reports. The firm owned 650,088 shares of the company’s stock after buying an additional 354,185 shares during the quarter. Envestnet Asset Management Inc.’s holdings in JPMorgan Municipal ETF were worth $32,748,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Summit Financial Strategies Inc. bought a new position in shares of JPMorgan Municipal ETF in the 4th quarter valued at about $322,000. Beta Wealth Group Inc. bought a new position in shares of JPMorgan Municipal ETF in the 4th quarter valued at about $9,794,000. Farther Finance Advisors LLC lifted its holdings in shares of JPMorgan Municipal ETF by 45.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 4,498 shares of the company’s stock valued at $226,000 after acquiring an additional 1,398 shares during the last quarter. Brookstone Capital Management bought a new position in shares of JPMorgan Municipal ETF in the 2nd quarter valued at about $261,000. Finally, Red Mountain Financial LLC bought a new position in shares of JPMorgan Municipal ETF in the 4th quarter valued at about $1,914,000.

JPMorgan Municipal ETF Trading Down 0.0 %

Shares of BATS:JMUB opened at $51.18 on Friday. The firm has a 50 day simple moving average of $50.92 and a 200-day simple moving average of $50.59. The company has a market cap of $1.42 billion, a P/E ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Increases Dividend

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

JPMorgan Municipal ETF Profile

(Free Report)

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.