Gryphon Financial Partners LLC Increases Position in JPMorgan Municipal ETF (BATS:JMUB)

Gryphon Financial Partners LLC boosted its position in JPMorgan Municipal ETF (BATS:JMUB) by 4.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,045 shares of the company’s stock after purchasing an additional 245 shares during the period. Gryphon Financial Partners LLC’s holdings in JPMorgan Municipal ETF were worth $303,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fifth Third Securities Inc. increased its position in shares of JPMorgan Municipal ETF by 3.7% in the fourth quarter. Fifth Third Securities Inc. now owns 8,290 shares of the company’s stock valued at $416,000 after buying an additional 292 shares in the last quarter. Stone Point Wealth LLC raised its position in JPMorgan Municipal ETF by 3.3% during the third quarter. Stone Point Wealth LLC now owns 9,496 shares of the company’s stock worth $487,000 after acquiring an additional 300 shares during the last quarter. D Orazio & Associates Inc. increased its stake in shares of JPMorgan Municipal ETF by 6.6% during the 3rd quarter. D Orazio & Associates Inc. now owns 4,975 shares of the company’s stock worth $255,000 after purchasing an additional 308 shares in the last quarter. Walkner Condon Financial Advisors LLC lifted its stake in JPMorgan Municipal ETF by 1.4% in the 4th quarter. Walkner Condon Financial Advisors LLC now owns 22,206 shares of the company’s stock valued at $1,114,000 after buying an additional 313 shares in the last quarter. Finally, Meridian Financial LLC grew its holdings in JPMorgan Municipal ETF by 6.8% during the 4th quarter. Meridian Financial LLC now owns 5,938 shares of the company’s stock valued at $298,000 after buying an additional 378 shares during the last quarter.

JPMorgan Municipal ETF Stock Up 1.6 %

JPMorgan Municipal ETF stock opened at $50.61 on Tuesday. The business’s fifty day moving average is $50.28 and its two-hundred day moving average is $50.62. The stock has a market capitalization of $1.40 billion, a P/E ratio of 10.19 and a beta of 0.08.

JPMorgan Municipal ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd will be issued a $0.1429 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This is a positive change from JPMorgan Municipal ETF’s previous dividend of $0.13.

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.