Modern Wealth Management LLC bought a new position in JPMorgan Municipal ETF (BATS:JMUB – Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 119,575 shares of the company’s stock, valued at approximately $5,980,000. Modern Wealth Management LLC owned about 0.19% of JPMorgan Municipal ETF as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. DAVENPORT & Co LLC grew its holdings in shares of JPMorgan Municipal ETF by 2.5% during the fourth quarter. DAVENPORT & Co LLC now owns 8,312 shares of the company’s stock worth $420,000 after purchasing an additional 202 shares in the last quarter. MB Levis & Associates LLC raised its stake in JPMorgan Municipal ETF by 11.2% in the fourth quarter. MB Levis & Associates LLC now owns 2,016 shares of the company’s stock valued at $102,000 after purchasing an additional 203 shares in the last quarter. Mason & Associates Inc raised its stake in JPMorgan Municipal ETF by 2.3% in the first quarter. Mason & Associates Inc now owns 9,364 shares of the company’s stock valued at $468,000 after purchasing an additional 215 shares in the last quarter. Pennsylvania Capital Management Inc. ADV raised its stake in JPMorgan Municipal ETF by 4.9% in the first quarter. Pennsylvania Capital Management Inc. ADV now owns 4,919 shares of the company’s stock valued at $246,000 after purchasing an additional 230 shares in the last quarter. Finally, Calton & Associates Inc. lifted its position in JPMorgan Municipal ETF by 3.3% during the fourth quarter. Calton & Associates Inc. now owns 8,540 shares of the company’s stock valued at $431,000 after purchasing an additional 270 shares during the last quarter.
JPMorgan Municipal ETF Price Performance
JMUB stock opened at $49.73 on Friday. JPMorgan Municipal ETF has a one year low of $49.17 and a one year high of $51.34. The stock has a market cap of $3.05 billion, a PE ratio of 9.96 and a beta of 0.21. The firm has a 50 day simple moving average of $50.31 and a two-hundred day simple moving average of $50.49.
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.
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