Dynasty Wealth Management LLC Has $20.46 Million Position in JPMorgan Municipal ETF $JMUB

Dynasty Wealth Management LLC lifted its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 348.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 405,090 shares of the company’s stock after acquiring an additional 314,801 shares during the period. Dynasty Wealth Management LLC’s holdings in JPMorgan Municipal ETF were worth $20,457,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its position in shares of JPMorgan Municipal ETF by 29.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,159,706 shares of the company’s stock worth $210,065,000 after purchasing an additional 950,852 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of JPMorgan Municipal ETF by 7.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,717,626 shares of the company’s stock worth $137,566,000 after purchasing an additional 176,736 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of JPMorgan Municipal ETF by 43.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,246,619 shares of the company’s stock worth $113,284,000 after purchasing an additional 683,129 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of JPMorgan Municipal ETF by 16.0% during the 2nd quarter. Raymond James Financial Inc. now owns 1,763,230 shares of the company’s stock worth $87,527,000 after purchasing an additional 243,751 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of JPMorgan Municipal ETF by 13.6% during the 3rd quarter. Bank of America Corp DE now owns 1,251,884 shares of the company’s stock worth $63,183,000 after purchasing an additional 150,212 shares in the last quarter.

JPMorgan Municipal ETF Price Performance

JMUB stock opened at $50.41 on Wednesday. The stock has a market capitalization of $3.09 billion, a PE ratio of 9.96 and a beta of 0.21. The company’s 50-day moving average is $50.23 and its 200-day moving average is $50.55. JPMorgan Municipal ETF has a 1 year low of $49.06 and a 1 year high of $51.34.

JPMorgan Municipal ETF Company 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.