JPMorgan Municipal ETF $JMUB is Tortoise Investment Management LLC’s 6th Largest Position

Tortoise Investment Management LLC grew its stake in JPMorgan Municipal ETF (BATS:JMUB) by 11.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 530,147 shares of the company’s stock after buying an additional 53,778 shares during the quarter. JPMorgan Municipal ETF makes up approximately 2.4% of Tortoise Investment Management LLC’s portfolio, making the stock its 6th biggest position. Tortoise Investment Management LLC’s holdings in JPMorgan Municipal ETF were worth $26,772,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. DAVENPORT & Co LLC grew its stake in JPMorgan Municipal ETF by 2.5% in the 4th quarter. DAVENPORT & Co LLC now owns 8,312 shares of the company’s stock worth $420,000 after buying an additional 202 shares in the last quarter. MB Levis & Associates LLC grew its stake in JPMorgan Municipal ETF by 11.2% in the 4th quarter. MB Levis & Associates LLC now owns 2,016 shares of the company’s stock worth $102,000 after buying an additional 203 shares in the last quarter. KFA Private Wealth Group LLC grew its stake in JPMorgan Municipal ETF by 4.3% in the 4th quarter. KFA Private Wealth Group LLC now owns 5,827 shares of the company’s stock worth $294,000 after buying an additional 242 shares in the last quarter. Sagespring Wealth Partners LLC grew its stake in JPMorgan Municipal ETF by 1.3% in the 3rd quarter. Sagespring Wealth Partners LLC now owns 25,781 shares of the company’s stock worth $1,301,000 after buying an additional 319 shares in the last quarter. Finally, CoreCap Advisors LLC grew its stake in JPMorgan Municipal ETF by 12.4% in the 4th quarter. CoreCap Advisors LLC now owns 2,966 shares of the company’s stock worth $150,000 after buying an additional 328 shares in the last quarter.

JPMorgan Municipal ETF Price Performance

JMUB stock opened at $49.99 on Tuesday. JPMorgan Municipal ETF has a one year low of $49.06 and a one year high of $51.34. The stock has a market cap of $3.07 billion, a PE ratio of 9.96 and a beta of 0.21. The firm has a 50 day simple moving average of $50.31 and a two-hundred day simple moving average of $50.59.

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.