Asio Capital LLC has increased its holdings in the JPMorgan Municipal ETF (BATS: JMUB) by 26.3% during the third quarter of 2023, as detailed in its recent filing with the Securities and Exchange Commission (SEC). The firm now owns 625,001 shares of the ETF, having acquired an additional 130,080 shares during this period. This investment positions the JPMorgan Municipal ETF as approximately 4.7% of Asio Capital’s total portfolio, making it the firm’s third-largest position.
As of the latest SEC filing, Asio Capital’s stake in the JPMorgan Municipal ETF is valued at $31,544,000. This recent acquisition follows a trend among several large investors who have also adjusted their holdings in the ETF.
Notable Changes in Investor Holdings
Among the significant adjustments, Avantax Advisory Services Inc. has dramatically increased its stake in the JPMorgan Municipal ETF by 2,438.3% during the second quarter of 2023. The firm now holds 897,843 shares, worth approximately $44,569,000, after acquiring an additional 862,471 shares.
Similarly, Bank of America Corp DE raised its position by 152.3% during the same quarter, bringing its total ownership to 1,101,672 shares, valued at $54,687,000, following the purchase of 665,100 shares. Ameriprise Financial Inc. also increased its holdings by 114.2%, acquiring 595,174 additional shares to reach a total of 1,116,436 shares, worth $55,825,000.
Other notable investors include G2 Capital Management LLC, which expanded its stake by 489.2% during the second quarter, now holding 695,217 shares valued at $34,511,000, and Wealth Enhancement Advisory Services LLC, increasing its holdings by 42.9% to 1,899,154 shares, worth $94,037,000.
Current Performance of JPMorgan Municipal ETF
As of the latest trading session, the JPMorgan Municipal ETF opened at $50.60. The ETF has a total market capitalization of $3.10 billion and a price-to-earnings (PE) ratio of 9.96, with a beta of 0.21. Its fifty-day moving average stands at $50.63, while the two-hundred day moving average is $50.05. Over the past year, the ETF has experienced a low of $47.95 and a high of $51.31.
In addition to its growing investor base, the firm recently declared 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, translating to an annualized dividend yield of 2.9%. The ex-dividend date for this payment was also on October 21, 2023.
The JPMorgan Municipal ETF, launched on October 29, 2018, invests primarily in investment-grade fixed income and maintains an actively managed portfolio of various U.S. municipal securities, managed by JPMorgan Chase.
For more detailed information on holdings, visit resources such as HoldingsChannel.com, which provides the latest 13F filings and insider trades related to the JPMorgan Municipal ETF.
