Asio Capital LLC has significantly increased its holdings in the JPMorgan Municipal ETF (BATS: JMUB) by 26.3% during the third quarter, as reported in its latest 13F filing with the Securities and Exchange Commission. The firm now owns 625,001 shares after acquiring an additional 130,080 shares during this period. This investment represents approximately 4.7% of Asio Capital’s total portfolio, making the ETF its third-largest position.
Asio Capital’s total stake in the JPMorgan Municipal ETF is valued at around $31,544,000. The increased investment reflects a broader trend, with several large institutional investors also adjusting their positions in JMUB. For instance, Avantax Advisory Services Inc. grew its holdings by an astounding 2,438.3% during the second quarter, acquiring an additional 862,471 shares to bring its total to 897,843 shares, valued at $44,569,000.
In addition, Bank of America Corp DE raised its position by 152.3%, now owning 1,101,672 shares worth $54,687,000. Ameriprise Financial Inc. increased its stake by 114.2%, while G2 Capital Management LLC OH expanded its holdings by a remarkable 489.2%. Wealth Enhancement Advisory Services LLC also increased its position by 42.9% during the same quarter.
JPMorgan Municipal ETF Performance and Dividend Announcement
As of the last trading session, JPMorgan Municipal ETF shares opened at $50.60, with a market capitalization of $3.10 billion. The ETF has a PE ratio of 9.96 and a beta of 0.21. Its fifty-day moving average is $50.63, while the two-hundred-day moving average stands at $50.05. Over the past year, the stock has fluctuated between a low of $47.95 and a high of $51.31.
In recent news, JPMorgan Municipal ETF announced a monthly dividend, which was paid on October 23, 2023. Shareholders on record as of October 21, 2023 received a dividend of $0.1214 per share, representing an annualized dividend yield of 2.9%. The ex-dividend date also fell on October 21, 2023.
About JPMorgan Municipal ETF
The JPMorgan Municipal ETF (JMUB) is an exchange-traded fund that primarily invests in investment-grade fixed-income securities. Managed by JPMorgan Chase, the fund features an actively managed portfolio of various U.S. municipal securities. Launched on October 29, 2018, JMUB aims to provide investors with exposure to the municipal bond market.
As Asio Capital and other institutional investors continue to increase their stakes, the interest in JPMorgan Municipal ETF reflects a growing confidence in the municipal bond sector amidst fluctuating market conditions.
