JPMorgan Municipal ETF $JMUB Shares Acquired by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp grew its stake in JPMorgan Municipal ETF (BATS:JMUB) by 31.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 143,226 shares of the company’s stock after purchasing an additional 34,391 shares during the period. Peapack Gladstone Financial Corp owned approximately 0.23% of JPMorgan Municipal ETF worth $7,232,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of JMUB. Northwestern Mutual Wealth Management Co. increased its holdings in shares of JPMorgan Municipal ETF by 29.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,159,706 shares of the company’s stock valued at $210,065,000 after purchasing an additional 950,852 shares during the period. Captrust Financial Advisors increased its holdings in shares of JPMorgan Municipal ETF by 375.8% in the third quarter. Captrust Financial Advisors now owns 1,061,229 shares of the company’s stock valued at $53,560,000 after purchasing an additional 838,165 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of JPMorgan Municipal ETF by 43.7% in the third quarter. Ameriprise Financial Inc. now owns 2,246,619 shares of the company’s stock valued at $113,284,000 after purchasing an additional 683,129 shares during the period. Bank of America Corp DE increased its holdings in shares of JPMorgan Municipal ETF by 152.3% in the second quarter. Bank of America Corp DE now owns 1,101,672 shares of the company’s stock valued at $54,687,000 after purchasing an additional 665,100 shares during the period. Finally, Assetmark Inc. grew its holdings in JPMorgan Municipal ETF by 394.2% during the fourth quarter. Assetmark Inc. now owns 629,062 shares of the company’s stock worth $31,768,000 after acquiring an additional 501,766 shares during the period.

JPMorgan Municipal ETF Price Performance

Shares of JMUB stock opened at $50.34 on Tuesday. The business’s fifty day moving average price is $50.23 and its 200 day moving average price is $50.55. JPMorgan Municipal ETF has a 1-year low of $49.06 and a 1-year high of $51.34. The firm has a market capitalization of $3.09 billion, a PE ratio of 9.96 and a beta of 0.21.

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.