Ameriprise Financial Inc. Acquires 205,116 Shares of JPMorgan Municipal ETF (BATS:JMUB)

Ameriprise Financial Inc. grew its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 64.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 521,262 shares of the company’s stock after buying an additional 205,116 shares during the period. Ameriprise Financial Inc.’s holdings in JPMorgan Municipal ETF were worth $26,142,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Stratos Wealth Partners LTD. raised its position in shares of JPMorgan Municipal ETF by 7.6% in the 4th quarter. Stratos Wealth Partners LTD. now owns 6,934 shares of the company’s stock worth $348,000 after purchasing an additional 490 shares during the last quarter. Park Avenue Securities LLC purchased a new position in shares of JPMorgan Municipal ETF in the 4th quarter worth about $215,000. RiverFront Investment Group LLC raised its position in shares of JPMorgan Municipal ETF by 6.3% in the 4th quarter. RiverFront Investment Group LLC now owns 92,666 shares of the company’s stock worth $4,647,000 after purchasing an additional 5,476 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of JPMorgan Municipal ETF by 14.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 351,299 shares of the company’s stock worth $17,618,000 after purchasing an additional 44,359 shares during the last quarter. Finally, Ameritas Advisory Services LLC raised its position in shares of JPMorgan Municipal ETF by 89.3% in the 4th quarter. Ameritas Advisory Services LLC now owns 193,660 shares of the company’s stock worth $9,712,000 after purchasing an additional 91,376 shares during the last quarter.

JPMorgan Municipal ETF Price Performance

JMUB opened at $49.39 on Thursday. The stock has a 50-day moving average price of $49.58 and a 200-day moving average price of $50.13. The firm has a market cap of $2.72 billion, a PE ratio of 9.96 and a beta of 0.22. JPMorgan Municipal ETF has a 1 year low of $47.95 and a 1 year high of $51.31.

JPMorgan Municipal ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were given a $0.1429 dividend. This is a positive change from JPMorgan Municipal ETF’s previous dividend of $0.13. The ex-dividend date of this dividend was Monday, March 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.