Private Advisor Group LLC Boosts Stock Position in JPMorgan Municipal ETF $JMUB

Private Advisor Group LLC boosted its position in JPMorgan Municipal ETF (BATS:JMUB) by 30.1% in the 1st quarter, HoldingsChannel reports. The firm owned 207,543 shares of the company’s stock after purchasing an additional 47,972 shares during the period. Private Advisor Group LLC’s holdings in JPMorgan Municipal ETF were worth $10,375,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JMUB. Godsey & Gibb Inc. purchased a new stake in shares of JPMorgan Municipal ETF during the fourth quarter worth about $27,000. Brown Brothers Harriman & Co. purchased a new position in shares of JPMorgan Municipal ETF during the fourth quarter valued at approximately $34,000. Goodman Advisory Group LLC acquired a new stake in JPMorgan Municipal ETF during the third quarter worth approximately $37,000. Franklin Resources Inc. acquired a new stake in JPMorgan Municipal ETF during the third quarter worth approximately $41,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in JPMorgan Municipal ETF in the 4th quarter worth approximately $44,000.

JPMorgan Municipal ETF Stock Performance

JMUB stock opened at $50.55 on Monday. The company has a 50 day moving average price of $50.36 and a two-hundred day moving average price of $50.53. The stock has a market capitalization of $3.10 billion, a P/E ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a one year low of $49.06 and a one 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.