Avidian Wealth Enterprises LLC Acquires 53,062 Shares of JPMorgan Municipal ETF $JMUB

Avidian Wealth Enterprises LLC raised its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 14.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 409,288 shares of the company’s stock after acquiring an additional 53,062 shares during the quarter. JPMorgan Municipal ETF comprises 0.8% of Avidian Wealth Enterprises LLC’s holdings, making the stock its 28th biggest holding. Avidian Wealth Enterprises LLC’s holdings in JPMorgan Municipal ETF were worth $20,317,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. LPL Financial LLC grew its holdings in JPMorgan Municipal ETF by 7.1% during the first quarter. LPL Financial LLC now owns 2,847,971 shares of the company’s stock valued at $142,399,000 after purchasing an additional 188,645 shares during the period. Meeder Advisory Services Inc. bought a new position in JPMorgan Municipal ETF during the first quarter valued at $126,587,000. Northwestern Mutual Wealth Management Co. grew its holdings in JPMorgan Municipal ETF by 9.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,199,520 shares of the company’s stock valued at $109,976,000 after purchasing an additional 190,891 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in JPMorgan Municipal ETF by 42.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,899,154 shares of the company’s stock valued at $94,037,000 after purchasing an additional 569,892 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in JPMorgan Municipal ETF by 20.5% during the first quarter. Raymond James Financial Inc. now owns 1,519,479 shares of the company’s stock valued at $75,974,000 after purchasing an additional 258,686 shares during the period.

JPMorgan Municipal ETF Trading Up 1.9%

Shares of BATS JMUB opened at $50.74 on Tuesday. The stock has a fifty day simple moving average of $50.09 and a two-hundred day simple moving average of $49.61. JPMorgan Municipal ETF has a 1-year low of $47.95 and a 1-year high of $51.31. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21.

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.