Keudell Morrison Wealth Management Acquires Shares of 172,577 JPMorgan Municipal ETF $JMUB

Keudell Morrison Wealth Management acquired a new stake in JPMorgan Municipal ETF (BATS:JMUB) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 172,577 shares of the company’s stock, valued at approximately $8,715,000. JPMorgan Municipal ETF comprises about 1.8% of Keudell Morrison Wealth Management’s portfolio, making the stock its 15th largest position. Keudell Morrison Wealth Management owned approximately 0.28% of JPMorgan Municipal ETF at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of JMUB. Godsey & Gibb Inc. acquired a new stake in JPMorgan Municipal ETF in the 4th quarter valued at about $27,000. Goodman Advisory Group LLC acquired a new stake in JPMorgan Municipal ETF in the 3rd quarter valued at about $37,000. Franklin Resources Inc. acquired a new stake in JPMorgan Municipal ETF in the 3rd quarter valued at about $41,000. N.E.W. Advisory Services LLC acquired a new stake in JPMorgan Municipal ETF in the 4th quarter valued at about $44,000. Finally, Archer Investment Corp acquired a new stake in JPMorgan Municipal ETF in the 3rd quarter valued at about $58,000.

JPMorgan Municipal ETF Trading Up 0.1%

JMUB stock opened at $49.95 on Friday. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 12 month low of $49.06 and a 12 month high of $51.34. The firm has a 50-day moving average of $50.26 and a two-hundred day moving average of $50.58.

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.