Immaculate Wealth Management LLC bought a new position in JPMorgan Municipal ETF (BATS:JMUB – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 23,003 shares of the company’s stock, valued at approximately $1,150,000. JPMorgan Municipal ETF accounts for approximately 9.1% of Immaculate Wealth Management LLC’s holdings, making the stock its 4th biggest position.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. purchased a new stake in JPMorgan Municipal ETF during the fourth quarter valued at about $27,000. Wellington Grp LLC increased its stake in JPMorgan Municipal ETF by 572.0% during the first quarter. Wellington Grp LLC now owns 625 shares of the company’s stock worth $31,000 after acquiring an additional 532 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of JPMorgan Municipal ETF in the 4th quarter worth about $34,000. Franklin Resources Inc. purchased a new position in shares of JPMorgan Municipal ETF in the 3rd quarter worth about $41,000. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of JPMorgan Municipal ETF in the 4th quarter valued at about $44,000.
JPMorgan Municipal ETF Stock Performance
Shares of BATS:JMUB opened at $49.74 on Friday. JPMorgan Municipal ETF has a 1 year low of $49.28 and a 1 year high of $51.34. The stock has a market capitalization of $3.05 billion, a P/E ratio of 9.96 and a beta of 0.21. The stock has a 50-day simple moving average of $50.30 and a 200-day simple moving average of $50.46.
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.
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