Private Wealth Management Group LLC Boosts Holdings in JPMorgan Municipal ETF $JMUB

Private Wealth Management Group LLC lifted its stake in JPMorgan Municipal ETF (BATS:JMUB) by 348.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,579 shares of the company’s stock after purchasing an additional 57,933 shares during the period. JPMorgan Municipal ETF accounts for about 1.2% of Private Wealth Management Group LLC’s investment portfolio, making the stock its 19th biggest holding. Private Wealth Management Group LLC’s holdings in JPMorgan Municipal ETF were worth $3,702,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of JMUB. Wealth Enhancement Advisory Services LLC lifted its position in shares of JPMorgan Municipal ETF by 19.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,329,262 shares of the company’s stock worth $66,463,000 after purchasing an additional 213,971 shares during the period. Martin Worley Group lifted its position in shares of JPMorgan Municipal ETF by 5.8% in the 1st quarter. Martin Worley Group now owns 151,044 shares of the company’s stock worth $7,552,000 after purchasing an additional 8,215 shares during the period. Sincerus Advisory LLC purchased a new stake in shares of JPMorgan Municipal ETF in the 1st quarter worth about $204,000. Bernardo Wealth Planning LLC lifted its position in shares of JPMorgan Municipal ETF by 4.2% in the 1st quarter. Bernardo Wealth Planning LLC now owns 19,638 shares of the company’s stock worth $982,000 after purchasing an additional 789 shares during the period. Finally, Cyr Financial Inc. purchased a new stake in shares of JPMorgan Municipal ETF in the 1st quarter worth about $242,000.

JPMorgan Municipal ETF Trading Up 1.8%

BATS:JMUB opened at $50.72 on Friday. The company has a 50-day moving average price of $50.07 and a 200-day moving average price of $49.61. JPMorgan Municipal ETF has a 12 month low of $47.95 and a 12 month high of $51.31. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21.

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.