Keudell Morrison Wealth Management Grows Stock Position in JPMorgan Municipal ETF $JMUB

Keudell Morrison Wealth Management lifted its position in JPMorgan Municipal ETF (BATS:JMUB) by 15.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 198,921 shares of the company’s stock after buying an additional 26,344 shares during the period. JPMorgan Municipal ETF makes up about 2.0% of Keudell Morrison Wealth Management’s investment portfolio, making the stock its 10th biggest position. Keudell Morrison Wealth Management owned approximately 0.32% of JPMorgan Municipal ETF worth $9,944,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in JPMorgan Municipal ETF by 1,656.4% in the fourth quarter. JPMorgan Chase & Co. now owns 13,592,101 shares of the company’s stock valued at $686,401,000 after acquiring an additional 12,818,224 shares during the period. LPL Financial LLC grew its stake in shares of JPMorgan Municipal ETF by 44.5% during the 4th quarter. LPL Financial LLC now owns 5,531,924 shares of the company’s stock valued at $279,362,000 after purchasing an additional 1,702,513 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of JPMorgan Municipal ETF by 29.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,159,706 shares of the company’s stock valued at $210,065,000 after purchasing an additional 950,852 shares during the last quarter. Captrust Financial Advisors increased its position in shares of JPMorgan Municipal ETF by 375.8% during the 3rd quarter. Captrust Financial Advisors now owns 1,061,229 shares of the company’s stock valued at $53,560,000 after purchasing an additional 838,165 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of JPMorgan Municipal ETF by 43.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,246,619 shares of the company’s stock valued at $113,284,000 after purchasing an additional 683,129 shares during the last quarter.

JPMorgan Municipal ETF Price Performance

Shares of BATS:JMUB opened at $50.49 on Wednesday. The stock has a market capitalization of $3.10 billion, a PE ratio of 9.96 and a beta of 0.21. The firm’s 50 day moving average price is $50.34 and its 200-day moving average price is $50.52. JPMorgan Municipal ETF has a twelve month low of $49.06 and a twelve month high of $51.34.

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.