Northwestern Mutual Wealth Management Co. raised its stake in JPMorgan Municipal ETF (BATS:JMUB – Free Report) by 29.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,159,706 shares of the company’s stock after buying an additional 950,852 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.07% of JPMorgan Municipal ETF worth $210,065,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of JMUB. TBH Global Asset Management LLC lifted its stake in JPMorgan Municipal ETF by 1,180.8% in the 4th quarter. TBH Global Asset Management LLC now owns 352,676 shares of the company’s stock worth $17,810,000 after acquiring an additional 325,140 shares in the last quarter. Aspen Wealth Management LLC lifted its stake in JPMorgan Municipal ETF by 10.9% in the 4th quarter. Aspen Wealth Management LLC now owns 355,918 shares of the company’s stock worth $17,974,000 after acquiring an additional 34,931 shares in the last quarter. Breakwater Capital Group lifted its position in shares of JPMorgan Municipal ETF by 29.7% in the fourth quarter. Breakwater Capital Group now owns 54,295 shares of the company’s stock worth $2,742,000 after purchasing an additional 12,428 shares in the last quarter. Cyndeo Wealth Partners LLC purchased a new stake in shares of JPMorgan Municipal ETF in the fourth quarter worth approximately $1,929,000. Finally, Daymark Wealth Partners LLC lifted its position in shares of JPMorgan Municipal ETF by 45.4% in the fourth quarter. Daymark Wealth Partners LLC now owns 55,751 shares of the company’s stock worth $2,815,000 after purchasing an additional 17,404 shares in the last quarter.
JPMorgan Municipal ETF Price Performance
BATS JMUB opened at $50.38 on Friday. The company has a 50 day simple moving average of $50.23 and a 200-day simple moving average of $50.56. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 52-week low of $49.06 and a 52-week high of $51.34.
JPMorgan Municipal ETF Company 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.
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