Collaborative Wealth Managment Inc. Has $593,000 Position in JPMorgan Municipal ETF (BATS:JMUB)

Collaborative Wealth Managment Inc. reduced its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,825 shares of the company’s stock after selling 1,241 shares during the period. Collaborative Wealth Managment Inc.’s holdings in JPMorgan Municipal ETF were worth $593,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. increased its stake in JPMorgan Municipal ETF by 208.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,118 shares of the company’s stock valued at $57,000 after buying an additional 755 shares during the last quarter. Allworth Financial LP acquired a new position in shares of JPMorgan Municipal ETF during the 4th quarter worth about $77,000. Hollencrest Capital Management acquired a new position in shares of JPMorgan Municipal ETF during the 4th quarter worth about $138,000. Blue Investment Partners LLC acquired a new position in shares of JPMorgan Municipal ETF during the 3rd quarter worth about $203,000. Finally, Aptus Capital Advisors LLC increased its stake in shares of JPMorgan Municipal ETF by 291.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 4,026 shares of the company’s stock worth $206,000 after purchasing an additional 2,997 shares during the last quarter.

JPMorgan Municipal ETF Price Performance

JPMorgan Municipal ETF stock opened at $50.13 on Friday. The firm has a market capitalization of $2.42 billion, a PE ratio of 10.21 and a beta of 0.20. The company’s 50-day moving average is $50.30 and its 200-day moving average is $50.58. JPMorgan Municipal ETF has a fifty-two week low of $49.76 and a fifty-two week high of $51.31.

JPMorgan Municipal ETF Increases Dividend

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

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.