Smithbridge Asset Management Inc. DE grew its position in JPMorgan Municipal ETF (BATS:JMUB – Free Report) by 106.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 58,920 shares of the company’s stock after purchasing an additional 30,360 shares during the quarter. Smithbridge Asset Management Inc. DE’s holdings in JPMorgan Municipal ETF were worth $2,975,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. DAVENPORT & Co LLC lifted its holdings in shares of JPMorgan Municipal ETF by 2.5% in the 4th quarter. DAVENPORT & Co LLC now owns 8,312 shares of the company’s stock worth $420,000 after buying an additional 202 shares during the period. MB Levis & Associates LLC lifted its holdings in shares of JPMorgan Municipal ETF by 11.2% in the 4th quarter. MB Levis & Associates LLC now owns 2,016 shares of the company’s stock worth $102,000 after buying an additional 203 shares during the period. KFA Private Wealth Group LLC lifted its holdings in shares of JPMorgan Municipal ETF by 4.3% in the 4th quarter. KFA Private Wealth Group LLC now owns 5,827 shares of the company’s stock worth $294,000 after buying an additional 242 shares during the period. Calton & Associates Inc. lifted its holdings in shares of JPMorgan Municipal ETF by 3.3% in the 4th quarter. Calton & Associates Inc. now owns 8,540 shares of the company’s stock worth $431,000 after buying an additional 270 shares during the period. Finally, CoreCap Advisors LLC lifted its position in shares of JPMorgan Municipal ETF by 12.4% in the 4th quarter. CoreCap Advisors LLC now owns 2,966 shares of the company’s stock worth $150,000 after purchasing an additional 328 shares during the period.
JPMorgan Municipal ETF Stock Performance
Shares of JMUB opened at $50.36 on Thursday. The company has a 50 day moving average price of $50.29 and a 200-day moving average price of $50.54. JPMorgan Municipal ETF has a fifty-two week low of $49.06 and a fifty-two week high of $51.34. The stock has a market capitalization of $3.09 billion, a PE ratio of 9.96 and a beta of 0.21.
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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