Gateway Wealth Partners LLC acquired a new position in JPMorgan Municipal ETF (BATS:JMUB – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,494 shares of the company’s stock, valued at approximately $525,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Quadcap Wealth Management LLC boosted its holdings in JPMorgan Municipal ETF by 8.9% in the 1st quarter. Quadcap Wealth Management LLC now owns 67,383 shares of the company’s stock worth $3,368,000 after buying an additional 5,524 shares during the period. Waverly Advisors LLC increased its stake in JPMorgan Municipal ETF by 14.0% in the 1st quarter. Waverly Advisors LLC now owns 64,543 shares of the company’s stock worth $3,226,000 after buying an additional 7,919 shares in the last quarter. Wealth Alliance LLC raised its holdings in JPMorgan Municipal ETF by 117.9% during the first quarter. Wealth Alliance LLC now owns 27,226 shares of the company’s stock valued at $1,361,000 after acquiring an additional 14,732 shares during the period. Bridgewater Advisors Inc. raised its holdings in JPMorgan Municipal ETF by 27.5% during the first quarter. Bridgewater Advisors Inc. now owns 580,164 shares of the company’s stock valued at $29,136,000 after acquiring an additional 124,986 shares during the period. Finally, Modern Wealth Management LLC bought a new stake in JPMorgan Municipal ETF during the first quarter valued at about $5,980,000.
JPMorgan Municipal ETF Stock Down 0.1%
Shares of JPMorgan Municipal ETF stock opened at $49.79 on Friday. The stock’s 50-day simple moving average is $50.31 and its 200-day simple moving average is $50.47. JPMorgan Municipal ETF has a 52 week low of $49.28 and a 52 week high of $51.34. The company has a market capitalization of $3.05 billion, a price-to-earnings 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.
Recommended Stories
- Five stocks we like better than JPMorgan Municipal ETF
- Microsoft Just Flipped the AI Spending Narrative Overnight
- Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling?
- Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending
- Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes
Want to see what other hedge funds are holding JMUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Municipal ETF (BATS:JMUB – Free Report).
Receive News & Ratings for JPMorgan Municipal ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Municipal ETF and related companies with MarketBeat.com's FREE daily email newsletter.
