Morton Brown Family Wealth LLC bought a new position in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB – Free Report) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 33,535 shares of the company’s stock, valued at approximately $1,596,000. JPMorgan Municipal ETF comprises approximately 0.4% of Morton Brown Family Wealth LLC’s investment portfolio, making the stock its 25th largest position.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JMUB. Wellington Grp LLC increased its holdings in shares of JPMorgan Municipal ETF by 572.0% in the first quarter. Wellington Grp LLC now owns 625 shares of the company’s stock worth $31,000 after acquiring an additional 532 shares in the last quarter. Legacy Wealth Managment LLC ID raised its position in shares of JPMorgan Municipal ETF by 302.2% during the first quarter. Legacy Wealth Managment LLC ID now owns 1,275 shares of the company’s stock worth $64,000 after purchasing an additional 958 shares during the period. Brown Lisle Cummings Inc. bought a new position in shares of JPMorgan Municipal ETF during the 2nd quarter valued at about $75,000. Cassaday & Co Wealth Management LLC bought a new position in shares of JPMorgan Municipal ETF during the 1st quarter valued at about $109,000. Finally, Parkside Financial Bank & Trust bought a new position in shares of JPMorgan Municipal ETF during the 2nd quarter valued at about $108,000.
JPMorgan Municipal ETF Stock Performance
Shares of JMUB opened at $48.67 on Monday. The stock has a 50 day simple moving average of $48.55 and a 200 day simple moving average of $49.65. JPMorgan Municipal ETF has a 52-week low of $47.20 and a 52-week high of $51.34. The firm has a market capitalization of $8.81 billion, a PE ratio of 9.96 and a beta of 0.24.
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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