Kingsview Wealth Management Increases Stake in JPMorgan Municipal ETF

Kingsview Wealth Management LLC has increased its investment in the JPMorgan Municipal ETF (BATS:JMUB) by 15.7% during the third quarter, as disclosed in a recent filing with the Securities and Exchange Commission. Following this investment, the firm now holds a total of 16,139 shares of the ETF after purchasing an additional 2,184 shares in the reported quarter. As of the end of the most recent quarter, Kingsview Wealth Management's total investment in the JPMorgan Municipal ETF is valued at approximately $827,000.

In addition to Kingsview, other institutional investors and hedge funds have also adjusted their ownership stakes in the JPMorgan Municipal ETF. For instance, Raymond James & Associates has boosted its stake in the ETF by a significant 40.1% during the third quarter, currently owning 404,255 shares valued at about $20,726,000 after acquiring 115,690 shares in the same period. Meanwhile, Farther Finance Advisors LLC increased its position by 45.1% in the second quarter, growing its holdings to 4,498 shares worth $226,000 after purchasing an additional 1,398 shares.

Moreover, Brookstone Capital Management entered the ETF market with a new stake valued at $261,000 also in the second quarter. Chesley Taft & Associates LLC reported a remarkable increase of 186.3% in its investment, now holding 19,680 shares worth $991,000 after adding 12,805 shares recently. Lastly, Jane Street Group LLC has made a substantial leap, boosting its stake by 396.5% in the first quarter and now owns 108,061 shares valued at $5,483,000 after acquiring an additional 86,296 shares in the last quarter.

Performance of JPMorgan Municipal ETF

As of Thursday, the JPMorgan Municipal ETF was trading at $50.89. The ETF has a market capitalization of $1.41 billion and a price-to-earnings ratio of 10.22, with a low beta of 0.08. The 50-day moving average for the ETF stands at $50.75, while the 200-day moving average is $50.68, indicating some stability in its pricing.

Dividend Declaration from JPMorgan Municipal ETF

Recently, the JPMorgan Municipal ETF declared a dividend, which was distributed on Thursday, September 5th. Investors who were on record by Tuesday, September 3rd, received a dividend of $0.1506. This marked an increase from the previous dividend amount of $0.15. The ex-dividend date for this distribution also fell on Tuesday, September 3rd.

Overview of JPMorgan Municipal ETF

The JPMorgan Municipal ETF (JMUB) is an exchange-traded fund that primarily invests in investment-grade fixed income securities. It maintains an actively managed portfolio consisting mainly of various US municipal bonds. Launched on October 29, 2018, the fund is managed by JPMorgan Chase.

JPMorgan, ETF, Investment