Avantax Planning Partners Inc. Increases Position in JPMorgan Municipal ETF (BATS:JMUB)

Avantax Planning Partners Inc. boosted its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 21.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 582,260 shares of the company’s stock after purchasing an additional 103,995 shares during the quarter. JPMorgan Municipal ETF comprises 1.1% of Avantax Planning Partners Inc.’s portfolio, making the stock its 17th largest position. Avantax Planning Partners Inc. owned approximately 0.05% of JPMorgan Municipal ETF worth $29,672,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bond & Devick Financial Network Inc. lifted its holdings in shares of JPMorgan Municipal ETF by 4.6% during the 4th quarter. Bond & Devick Financial Network Inc. now owns 6,197 shares of the company’s stock valued at $316,000 after buying an additional 274 shares during the period. Mariner LLC increased its position in shares of JPMorgan Municipal ETF by 3.9% during the third quarter. Mariner LLC now owns 10,355 shares of the company’s stock worth $501,000 after acquiring an additional 385 shares during the period. Vicus Capital grew its holdings in JPMorgan Municipal ETF by 0.7% in the fourth quarter. Vicus Capital now owns 57,334 shares of the company’s stock worth $2,922,000 after purchasing an additional 422 shares during the last quarter. Cornerstone Wealth Management LLC lifted its stake in shares of JPMorgan Municipal ETF by 0.4% during the third quarter. Cornerstone Wealth Management LLC now owns 123,983 shares of the company’s stock worth $5,997,000 after buying an additional 477 shares during the period. Finally, WealthCare Investment Partners LLC lifted its stake in shares of JPMorgan Municipal ETF by 1.8% during the fourth quarter. WealthCare Investment Partners LLC now owns 37,457 shares of the company’s stock worth $1,911,000 after buying an additional 650 shares during the period.

JPMorgan Municipal ETF Stock Performance

BATS JMUB traded down $0.14 on Thursday, reaching $50.11. 140,004 shares of the company’s stock traded hands. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 10.22 and a beta of 0.08. The business has a fifty day moving average of $50.40 and a 200 day moving average of $50.43.

JPMorgan Municipal ETF Increases Dividend

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

JPMorgan Municipal ETF Company 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.