Beta Wealth Group Inc. Invests $9.79 Million in JPMorgan Municipal ETF (BATS:JMUB)

Beta Wealth Group Inc. bought a new stake in JPMorgan Municipal ETF (BATS:JMUB) during the fourth quarter, Holdings Channel reports. The fund bought 192,185 shares of the company’s stock, valued at approximately $9,794,000. JPMorgan Municipal ETF comprises about 5.1% of Beta Wealth Group Inc.’s investment portfolio, making the stock its 3rd biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC increased its position in shares of JPMorgan Municipal ETF by 28.7% in the third quarter. LPL Financial LLC now owns 1,204,564 shares of the company’s stock worth $58,265,000 after acquiring an additional 268,405 shares in the last quarter. Avantax Planning Partners Inc. raised its position in JPMorgan Municipal ETF by 21.7% in the fourth quarter. Avantax Planning Partners Inc. now owns 582,260 shares of the company’s stock valued at $29,672,000 after purchasing an additional 103,995 shares during the period. FORVIS Wealth Advisors LLC raised its position in JPMorgan Municipal ETF by 39.5% in the fourth quarter. FORVIS Wealth Advisors LLC now owns 517,703 shares of the company’s stock valued at $26,382,000 after purchasing an additional 146,528 shares during the period. CENTRAL TRUST Co lifted its stake in shares of JPMorgan Municipal ETF by 4.4% during the fourth quarter. CENTRAL TRUST Co now owns 420,497 shares of the company’s stock worth $21,429,000 after purchasing an additional 17,571 shares in the last quarter. Finally, Morningstar Investment Services LLC grew its stake in shares of JPMorgan Municipal ETF by 36.3% in the third quarter. Morningstar Investment Services LLC now owns 412,861 shares of the company’s stock valued at $19,958,000 after buying an additional 109,876 shares in the last quarter.

JPMorgan Municipal ETF Trading Down 0.1 %

JPMorgan Municipal ETF stock traded down $0.03 during midday trading on Friday, hitting $50.10. 103,721 shares of the company were exchanged. The stock has a fifty day simple moving average of $50.38 and a two-hundred day simple moving average of $50.47. The company has a market cap of $1.39 billion, a P/E ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, April 4th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.1449 per share. This is a boost from JPMorgan Municipal ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Monday, April 1st.

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.