RiverFront Investment Group LLC Has $1.81 Million Position in JPMorgan Municipal ETF (BATS:JMUB)

RiverFront Investment Group LLC reduced its stake in JPMorgan Municipal ETF (BATS:JMUB) by 25.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,418 shares of the company’s stock after selling 11,822 shares during the period. RiverFront Investment Group LLC owned about 0.31% of JPMorgan Municipal ETF worth $1,805,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Hazlett Burt & Watson Inc. acquired a new stake in JPMorgan Municipal ETF during the 4th quarter worth approximately $51,000. Carmichael Hill & Associates Inc. acquired a new stake in JPMorgan Municipal ETF during the 4th quarter worth approximately $70,000. McIlrath & Eck LLC acquired a new stake in JPMorgan Municipal ETF during the 3rd quarter worth approximately $102,000. West Oak Capital LLC boosted its position in JPMorgan Municipal ETF by 33.3% during the 4th quarter. West Oak Capital LLC now owns 4,000 shares of the company’s stock worth $204,000 after buying an additional 1,000 shares during the period. Finally, Lodestar Private Asset Management LLC acquired a new stake in JPMorgan Municipal ETF during the 3rd quarter worth approximately $210,000.

JPMorgan Municipal ETF Price Performance

BATS:JMUB traded up $0.05 during mid-day trading on Friday, hitting $50.15. 447,136 shares of the company’s stock were exchanged. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 10.19 and a beta of 0.07. The stock’s fifty day moving average is $50.55 and its 200 day moving average is $50.13.

JPMorgan Municipal ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, April 4th. Stockholders of record on Tuesday, April 2nd were given a $0.1449 dividend. 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 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.