BCGM Wealth Management LLC Boosts Holdings in JPMorgan Municipal ETF (BATS:JMUB)

BCGM Wealth Management LLC raised its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 49.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 7,631 shares of the company’s stock after acquiring an additional 2,520 shares during the period. BCGM Wealth Management LLC’s holdings in JPMorgan Municipal ETF were worth $391,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. increased its holdings in JPMorgan Municipal ETF by 205.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 853,485 shares of the company’s stock valued at $42,994,000 after acquiring an additional 574,470 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of JPMorgan Municipal ETF by 119.7% in the second quarter. Envestnet Asset Management Inc. now owns 650,088 shares of the company’s stock worth $32,748,000 after purchasing an additional 354,185 shares during the last quarter. LPL Financial LLC lifted its position in shares of JPMorgan Municipal ETF by 11.2% in the second quarter. LPL Financial LLC now owns 2,112,549 shares of the company’s stock worth $106,420,000 after buying an additional 212,185 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new position in JPMorgan Municipal ETF during the first quarter valued at approximately $7,483,000. Finally, Smith & Howard Wealth Management LLC grew its holdings in JPMorgan Municipal ETF by 70.3% during the 2nd quarter. Smith & Howard Wealth Management LLC now owns 282,002 shares of the company’s stock valued at $14,206,000 after buying an additional 116,432 shares in the last quarter.

JPMorgan Municipal ETF Trading Up 0.1 %

BATS:JMUB opened at $50.54 on Friday. The company has a market cap of $1.40 billion, a P/E ratio of 10.22 and a beta of 0.08. The business has a 50-day moving average price of $50.83 and a 200 day moving average price of $50.66.

JPMorgan Municipal ETF Increases Dividend

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