Axxcess Wealth Management LLC Makes New $333,000 Investment in JPMorgan Municipal ETF (BATS:JMUB)

Posted by Shane Hupp on Nov 14th, 2024

Axxcess Wealth Management LLC bought a new stake in JPMorgan Municipal ETF (BATS:JMUB – Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 6,500 shares of the company’s stock, valued at approximately $333,000.

Other large investors have also modified their holdings of the company. Financial Gravity Asset Management Inc. bought a new stake in JPMorgan Municipal ETF during the second quarter valued at $58,000. ICA Group Wealth Management LLC boosted its holdings in shares of JPMorgan Municipal ETF by 62.9% in the 2nd quarter. ICA Group Wealth Management LLC now owns 1,165 shares of the company’s stock valued at $59,000 after buying an additional 450 shares during the period. EverSource Wealth Advisors LLC bought a new stake in shares of JPMorgan Municipal ETF during the 1st quarter valued at about $85,000. Atria Investments Inc acquired a new stake in JPMorgan Municipal ETF during the third quarter worth about $208,000. Finally, Madison Wealth Partners Inc bought a new position in JPMorgan Municipal ETF in the second quarter worth about $212,000.

JPMorgan Municipal ETF Price Performance

BATS:JMUB opened at $50.43 on Thursday. The company’s 50 day moving average is $50.86 and its 200 day moving average is $50.66. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were issued a $0.1506 dividend. This is a positive change 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.