Continuum Advisory LLC Invests $34.55 Million in JPMorgan Municipal ETF $JMUB

Continuum Advisory LLC acquired a new stake in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 736,019 shares of the company’s stock, valued at approximately $34,549,000. JPMorgan Municipal ETF makes up approximately 2.8% of Continuum Advisory LLC’s portfolio, making the stock its 5th biggest holding. Continuum Advisory LLC owned about 1.20% of JPMorgan Municipal ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in JPMorgan Municipal ETF by 1,656.4% during the 4th quarter. JPMorgan Chase & Co. now owns 13,592,101 shares of the company’s stock valued at $686,401,000 after purchasing an additional 12,818,224 shares in the last quarter. LPL Financial LLC lifted its stake in shares of 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 buying an additional 1,702,513 shares during the period. Meeder Advisory Services Inc. lifted its stake in shares of JPMorgan Municipal ETF by 32.5% during the first quarter. Meeder Advisory Services Inc. now owns 4,262,379 shares of the company’s stock worth $213,076,000 after buying an additional 1,044,894 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of 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 valued at $210,065,000 after buying an additional 950,852 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of JPMorgan Municipal ETF by 26.5% during the first quarter. Cetera Investment Advisers now owns 3,635,444 shares of the company’s stock valued at $181,736,000 after buying an additional 761,782 shares during the last quarter.

JPMorgan Municipal ETF Price Performance

NYSEARCA JMUB opened at $49.07 on Thursday. The stock’s fifty day moving average price is $49.99 and its 200 day moving average price is $50.28. JPMorgan Municipal ETF has a 1 year low of $49.06 and a 1 year high of $51.34. The company has a market cap of $8.32 billion, a price-to-earnings ratio of 9.96 and a beta of 0.23.

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.