MLG Wealth Management DBA Pine Grove Financial Group Grows Holdings in JPMorgan Municipal ETF $JMUB

MLG Wealth Management DBA Pine Grove Financial Group increased its stake in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB) by 9.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,140,151 shares of the company’s stock after acquiring an additional 98,965 shares during the quarter. JPMorgan Municipal ETF comprises about 5.4% of MLG Wealth Management DBA Pine Grove Financial Group’s portfolio, making the stock its 4th largest holding. MLG Wealth Management DBA Pine Grove Financial Group owned approximately 0.67% of JPMorgan Municipal ETF worth $53,622,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of JMUB. Mason & Associates Inc increased its stake in JPMorgan Municipal ETF by 2.3% during the first quarter. Mason & Associates Inc now owns 9,364 shares of the company’s stock worth $468,000 after acquiring an additional 215 shares during the last quarter. Pennsylvania Capital Management Inc. ADV boosted its holdings in shares of JPMorgan Municipal ETF by 4.9% in the 1st quarter. Pennsylvania Capital Management Inc. ADV now owns 4,919 shares of the company’s stock worth $246,000 after purchasing an additional 230 shares during the period. Balefire LLC boosted its holdings in shares of JPMorgan Municipal ETF by 4.3% in the 2nd quarter. Balefire LLC now owns 5,870 shares of the company’s stock worth $297,000 after purchasing an additional 242 shares during the period. J. R. Prunier Capital Management LLC increased its position in shares of JPMorgan Municipal ETF by 2.5% during the 1st quarter. J. R. Prunier Capital Management LLC now owns 10,470 shares of the company’s stock valued at $523,000 after purchasing an additional 252 shares during the last quarter. Finally, Calton & Associates Inc. increased its position in shares of JPMorgan Municipal ETF by 3.3% during the 4th quarter. Calton & Associates Inc. now owns 8,540 shares of the company’s stock valued at $431,000 after purchasing an additional 270 shares during the last quarter.

JPMorgan Municipal ETF Stock Performance

NYSEARCA:JMUB opened at $48.98 on Tuesday. The firm has a market capitalization of $8.30 billion, a PE ratio of 9.96 and a beta of 0.23. The stock’s fifty day moving average is $49.89 and its 200 day moving average is $50.24. JPMorgan Municipal ETF has a fifty-two week low of $48.94 and a fifty-two week 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.