TIAA Trust National Association Acquires 315,894 Shares of JPMorgan Municipal ETF $JMUB

TIAA Trust National Association grew its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 53.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 910,262 shares of the company’s stock after acquiring an additional 315,894 shares during the period. TIAA Trust National Association’s holdings in JPMorgan Municipal ETF were worth $45,185,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Kestra Advisory Services LLC lifted its holdings in shares of JPMorgan Municipal ETF by 9.4% in the first quarter. Kestra Advisory Services LLC now owns 78,973 shares of the company’s stock worth $3,949,000 after buying an additional 6,787 shares in the last quarter. D.A. Davidson & CO. purchased a new position in JPMorgan Municipal ETF during the second quarter valued at $230,000. Meeder Advisory Services Inc. bought a new stake in JPMorgan Municipal ETF in the 1st quarter valued at $126,587,000. Cyr Financial Inc. lifted its stake in JPMorgan Municipal ETF by 255.1% in the 2nd quarter. Cyr Financial Inc. now owns 17,183 shares of the company’s stock worth $853,000 after purchasing an additional 12,344 shares in the last quarter. Finally, Madison Wealth Partners Inc lifted its stake in JPMorgan Municipal ETF by 5.3% in the 2nd quarter. Madison Wealth Partners Inc now owns 6,749 shares of the company’s stock worth $335,000 after purchasing an additional 340 shares in the last quarter.

JPMorgan Municipal ETF Stock Up 1.7%

Shares of JPMorgan Municipal ETF stock opened at $50.66 on Friday. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The business has a 50-day moving average price of $50.31 and a 200-day moving average price of $49.71. JPMorgan Municipal ETF has a twelve month low of $47.95 and a twelve month high of $51.31.

JPMorgan Municipal ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Tuesday, October 21st were issued a dividend of $0.1214 per share. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date was Tuesday, October 21st.

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.