Park Avenue Securities LLC bought a new position in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 132,740 shares of the company’s stock, valued at approximately $6,316,000. Park Avenue Securities LLC owned approximately 0.07% of JPMorgan Municipal ETF as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the business. JNBA Financial Advisors bought a new position in JPMorgan Municipal ETF during the 2nd quarter worth $964,000. Elevated Financial Group LLC acquired a new position in JPMorgan Municipal ETF in the 3rd quarter valued at $3,766,000. Cliftonlarsonallen Wealth Advisors LLC acquired a new position in JPMorgan Municipal ETF in the 3rd quarter valued at $11,774,000. HB Wealth Management LLC acquired a new position in JPMorgan Municipal ETF in the 2nd quarter valued at $730,906,000. Finally, Guardian Wealth Advisors LLC NC bought a new stake in shares of JPMorgan Municipal ETF during the 2nd quarter valued at $28,990,000.
JPMorgan Municipal ETF Stock Performance
NYSEARCA:JMUB opened at $48.88 on Thursday. The company has a market cap of $8.85 billion, a price-to-earnings ratio of 9.96 and a beta of 0.24. JPMorgan Municipal ETF has a fifty-two week low of $47.20 and a fifty-two week high of $51.34. The stock has a fifty day moving average price of $48.51 and a 200-day moving average price of $49.94.
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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