Magnus Financial Group LLC Invests $10.11 Million in JPMorgan Municipal ETF (BATS:JMUB)

Magnus Financial Group LLC acquired a new position in shares of JPMorgan Municipal ETF (BATS:JMUB) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 198,468 shares of the company’s stock, valued at approximately $10,114,000. JPMorgan Municipal ETF makes up 1.3% of Magnus Financial Group LLC’s investment portfolio, making the stock its 15th largest holding. Magnus Financial Group LLC owned 1.76% of JPMorgan Municipal ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Private Trust Co. NA raised its stake in JPMorgan Municipal ETF by 81.6% in the 3rd quarter. Private Trust Co. NA now owns 4,748 shares of the company’s stock valued at $230,000 after acquiring an additional 2,134 shares during the period. Golden State Equity Partners lifted its stake in shares of JPMorgan Municipal ETF by 31.9% during the 3rd quarter. Golden State Equity Partners now owns 13,242 shares of the company’s stock worth $641,000 after buying an additional 3,205 shares during the last quarter. Avestar Capital LLC boosted its holdings in shares of JPMorgan Municipal ETF by 19.3% during the 3rd quarter. Avestar Capital LLC now owns 16,320 shares of the company’s stock worth $789,000 after buying an additional 2,636 shares during the period. Commonwealth Equity Services LLC grew its stake in JPMorgan Municipal ETF by 21.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 136,502 shares of the company’s stock valued at $6,603,000 after buying an additional 23,758 shares during the last quarter. Finally, Vicus Capital lifted its position in JPMorgan Municipal ETF by 0.8% during the third quarter. Vicus Capital now owns 56,912 shares of the company’s stock worth $2,753,000 after acquiring an additional 451 shares during the last quarter.

JPMorgan Municipal ETF Trading Up 0.1 %

Shares of JPMorgan Municipal ETF stock traded up $0.05 on Friday, hitting $50.15. The stock had a trading volume of 447,136 shares. The firm has a market capitalization of $1.33 billion, a PE ratio of 10.19 and a beta of 0.07. The company has a fifty day moving average price of $50.55 and a 200 day moving average price of $50.13.

JPMorgan Municipal ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, April 4th. Investors of record on Tuesday, April 2nd were paid a $0.1449 dividend. The ex-dividend date was Monday, April 1st. This is an increase from JPMorgan Municipal ETF’s previous dividend of $0.14.

JPMorgan Municipal ETF Profile

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.