Hartford Financial Management Inc. purchased a new position in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB – Free Report) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 241,018 shares of the company’s stock, valued at approximately $11,468,000. JPMorgan Municipal ETF accounts for about 2.6% of Hartford Financial Management Inc.’s holdings, making the stock its 8th largest position.
A number of other institutional investors have also added to or reduced their stakes in the company. Axxcess Wealth Management LLC lifted its stake in JPMorgan Municipal ETF by 13.2% in the 3rd quarter. Axxcess Wealth Management LLC now owns 157,651 shares of the company’s stock valued at $7,501,000 after purchasing an additional 18,330 shares during the last quarter. Benchmark Financial Wealth Advisors LLC bought a new position in shares of JPMorgan Municipal ETF during the 3rd quarter worth approximately $4,451,000. Prime Capital Investment Advisors LLC boosted its stake in shares of JPMorgan Municipal ETF by 12.2% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 127,213 shares of the company’s stock worth $6,053,000 after acquiring an additional 13,809 shares during the period. Commonwealth Financial Services LLC acquired a new position in shares of JPMorgan Municipal ETF during the 3rd quarter worth approximately $347,000. Finally, Smithbridge Asset Management Inc. DE acquired a new position in shares of JPMorgan Municipal ETF during the 3rd quarter worth approximately $2,533,000.
JPMorgan Municipal ETF Trading Up 0.0%
JMUB opened at $48.25 on Thursday. JPMorgan Municipal ETF has a 1-year low of $47.20 and a 1-year high of $51.34. The stock’s fifty day simple moving average is $48.60 and its 200 day simple moving average is $49.67. The stock has a market cap of $8.73 billion, a PE ratio of 9.96 and a beta of 0.24.
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.
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