Dorsey & Whitney Trust CO LLC Takes Position in JPMorgan Municipal ETF (BATS:JMUB)

Dorsey & Whitney Trust CO LLC acquired a new position in JPMorgan Municipal ETF (BATS:JMUB) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 20,510 shares of the company’s stock, valued at approximately $1,029,000.

Several other hedge funds also recently added to or reduced their stakes in JMUB. Sunbelt Securities Inc. grew its position in JPMorgan Municipal ETF by 208.0% in the third quarter. Sunbelt Securities Inc. now owns 1,118 shares of the company’s stock worth $57,000 after acquiring an additional 755 shares during the period. Allworth Financial LP purchased a new position in shares of JPMorgan Municipal ETF during the fourth quarter worth $77,000. Blue Investment Partners LLC purchased a new position in shares of JPMorgan Municipal ETF during the third quarter worth $203,000. Aptus Capital Advisors LLC boosted its position in shares of JPMorgan Municipal ETF by 291.3% during the third quarter. Aptus Capital Advisors LLC now owns 4,026 shares of the company’s stock worth $206,000 after buying an additional 2,997 shares during the period. Finally, Atria Investments Inc purchased a new position in shares of JPMorgan Municipal ETF during the third quarter worth $208,000.

JPMorgan Municipal ETF Stock Up 1.1 %

JMUB opened at $50.37 on Monday. JPMorgan Municipal ETF has a 52 week low of $49.76 and a 52 week high of $51.31. The business has a fifty day simple moving average of $50.30 and a 200-day simple moving average of $50.61. The firm has a market cap of $2.44 billion, a P/E ratio of 10.21 and a beta of 0.20.

JPMorgan Municipal ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were paid a $0.1429 dividend. This is a boost from JPMorgan Municipal ETF’s previous dividend of $0.13. The ex-dividend date of this dividend was Monday, March 3rd.

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.