Retirement Planning Group LLC Has $5.95 Million Stock Holdings in JPMorgan Municipal ETF $JMUB

Retirement Planning Group LLC boosted its position in JPMorgan Municipal ETF (BATS:JMUB) by 43.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 118,963 shares of the company’s stock after buying an additional 36,303 shares during the quarter. Retirement Planning Group LLC’s holdings in JPMorgan Municipal ETF were worth $5,947,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. bought a new position in shares of JPMorgan Municipal ETF in the 4th quarter valued at about $27,000. Brown Brothers Harriman & Co. bought a new stake in shares of JPMorgan Municipal ETF during the fourth quarter worth approximately $34,000. Franklin Resources Inc. acquired a new position in JPMorgan Municipal ETF in the third quarter valued at approximately $41,000. N.E.W. Advisory Services LLC acquired a new position in JPMorgan Municipal ETF in the fourth quarter valued at approximately $44,000. Finally, SHP Wealth Management bought a new position in JPMorgan Municipal ETF in the fourth quarter valued at approximately $47,000.

JPMorgan Municipal ETF Stock Performance

JMUB opened at $50.35 on Tuesday. The company has a fifty day moving average price of $50.35 and a two-hundred day moving average price of $50.52. JPMorgan Municipal ETF has a 52 week low of $49.06 and a 52 week 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.

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.