Lionsbridge Wealth Management LLC Invests $3.51 Million in JPMorgan Municipal ETF $JMUB

Lionsbridge Wealth Management LLC bought a new stake in JPMorgan Municipal ETF (BATS:JMUB) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 74,826 shares of the company’s stock, valued at approximately $3,512,000. JPMorgan Municipal ETF accounts for 3.0% of Lionsbridge Wealth Management LLC’s investment portfolio, making the stock its 7th biggest holding. Lionsbridge Wealth Management LLC owned approximately 0.12% of JPMorgan Municipal ETF as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in JPMorgan Municipal ETF by 1,656.4% in the fourth 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 lifted 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. lifted 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. boosted its holdings 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 valued at $210,065,000 after buying an additional 950,852 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of JPMorgan Municipal ETF by 26.5% during the 1st quarter. Cetera Investment Advisers now owns 3,635,444 shares of the company’s stock valued at $181,736,000 after buying an additional 761,782 shares in the last quarter.

JPMorgan Municipal ETF Price Performance

BATS:JMUB opened at $49.16 on Wednesday. The firm’s 50-day moving average price is $50.02 and its 200-day moving average price is $50.29. The company has a market capitalization of $3.02 billion, a PE ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 1-year low of $49.07 and a 1-year high of $51.34.

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.