Nolet Wealth Management LLC acquired a new position in shares of JPMorgan Municipal ETF (BATS:JMUB – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 490,456 shares of the company’s stock, valued at approximately $24,768,000. JPMorgan Municipal ETF makes up about 13.8% of Nolet Wealth Management LLC’s holdings, making the stock its 2nd largest position. Nolet Wealth Management LLC owned about 0.80% of JPMorgan Municipal ETF as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in JPMorgan Municipal ETF by 1,656.4% during the fourth quarter. JPMorgan Chase & Co. now owns 13,592,101 shares of the company’s stock worth $686,401,000 after acquiring an additional 12,818,224 shares during the last quarter. LPL Financial LLC raised its position in JPMorgan Municipal ETF by 44.5% during the fourth quarter. LPL Financial LLC now owns 5,531,924 shares of the company’s stock worth $279,362,000 after acquiring an additional 1,702,513 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in JPMorgan Municipal ETF by 29.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,159,706 shares of the company’s stock worth $210,065,000 after acquiring an additional 950,852 shares during the last quarter. Meeder Advisory Services Inc. raised its position in JPMorgan Municipal ETF by 9.4% during the fourth quarter. Meeder Advisory Services Inc. now owns 3,217,485 shares of the company’s stock worth $162,483,000 after acquiring an additional 277,270 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in JPMorgan Municipal ETF by 18.1% during the fourth quarter. Cetera Investment Advisers now owns 2,873,662 shares of the company’s stock worth $145,120,000 after acquiring an additional 439,697 shares during the last quarter.
JPMorgan Municipal ETF Trading Up 0.0%
Shares of JMUB opened at $50.40 on Wednesday. The stock has a market cap of $3.09 billion, a P/E ratio of 9.96 and a beta of 0.21. The company has a 50-day moving average of $50.32 and a two-hundred day moving average of $50.53. JPMorgan Municipal ETF has a 12-month low of $49.06 and a 12-month high of $51.34.
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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