Clearwater Capital Advisors LLC Boosts Stock Position in JPMorgan Municipal ETF $JMUB

Clearwater Capital Advisors LLC raised its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 30.1% in the first quarter, Holdings Channel reports. The firm owned 480,429 shares of the company’s stock after purchasing an additional 111,139 shares during the period. JPMorgan Municipal ETF accounts for 1.9% of Clearwater Capital Advisors LLC’s investment portfolio, making the stock its 17th largest holding. Clearwater Capital Advisors LLC’s holdings in JPMorgan Municipal ETF were worth $24,017,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in JMUB. JPMorgan Chase & Co. raised its stake in shares of 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 worth $686,401,000 after purchasing an additional 12,818,224 shares during the period. LPL Financial LLC grew its position in JPMorgan Municipal ETF by 44.5% during the fourth quarter. LPL Financial LLC now owns 5,531,924 shares of the company’s stock valued at $279,362,000 after buying an additional 1,702,513 shares during the period. Meeder Advisory Services Inc. grew its position in 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 valued at $213,076,000 after buying an additional 1,044,894 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in 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 worth $210,065,000 after buying an additional 950,852 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in JPMorgan Municipal ETF by 43.7% in the third quarter. Ameriprise Financial Inc. now owns 2,246,619 shares of the company’s stock worth $113,284,000 after acquiring an additional 683,129 shares during the period.

JPMorgan Municipal ETF Stock Down 0.3%

JMUB opened at $49.96 on Thursday. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a twelve month low of $49.10 and a twelve month high of $51.34. The company’s 50-day moving average price is $50.33 and its two-hundred day moving average price is $50.50.

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.