1900 Wealth Management LLC increased its position in shares of JPMorgan Municipal ETF (BATS:JMUB – Free Report) by 47.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 802,131 shares of the company’s stock after acquiring an additional 258,969 shares during the quarter. JPMorgan Municipal ETF makes up approximately 3.0% of 1900 Wealth Management LLC’s holdings, making the stock its 6th biggest holding. 1900 Wealth Management LLC owned approximately 1.31% of JPMorgan Municipal ETF worth $39,818,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. ST Germain D J Co. Inc. acquired a new stake in JPMorgan Municipal ETF during the second quarter worth approximately $25,000. Financial Gravity Asset Management Inc. acquired a new stake in JPMorgan Municipal ETF during the first quarter worth approximately $28,000. Abound Wealth Management acquired a new stake in JPMorgan Municipal ETF during the second quarter worth approximately $78,000. Allworth Financial LP boosted its position in JPMorgan Municipal ETF by 91.2% during the first quarter. Allworth Financial LP now owns 2,919 shares of the company’s stock worth $144,000 after acquiring an additional 1,392 shares during the last quarter. Finally, Cranbrook Wealth Management LLC acquired a new stake in JPMorgan Municipal ETF during the second quarter worth approximately $147,000.
JPMorgan Municipal ETF Stock Performance
Shares of BATS JMUB opened at $50.35 on Friday. JPMorgan Municipal ETF has a 1 year low of $47.95 and a 1 year high of $51.31. The firm’s 50 day moving average price is $49.81 and its 200 day moving average price is $49.57. The firm has a market cap of $3.09 billion, a P/E ratio of 9.96 and a beta of 0.21.
About JPMorgan Municipal ETF
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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