Lodestar Private Asset Management LLC Grows Position in JPMorgan Municipal ETF $JMUB

Lodestar Private Asset Management LLC grew its stake in JPMorgan Municipal ETF (BATS:JMUB) by 50.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 13,237 shares of the company’s stock after buying an additional 4,445 shares during the quarter. Lodestar Private Asset Management LLC’s holdings in JPMorgan Municipal ETF were worth $657,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Apollon Financial LLC boosted its position in JPMorgan Municipal ETF by 69.5% in the 2nd quarter. Apollon Financial LLC now owns 10,087 shares of the company’s stock worth $501,000 after purchasing an additional 4,136 shares in the last quarter. Apollon Wealth Management LLC raised its stake in JPMorgan Municipal ETF by 2.5% in the 2nd quarter. Apollon Wealth Management LLC now owns 292,761 shares of the company’s stock valued at $14,533,000 after purchasing an additional 7,237 shares during the last quarter. Financial Connections Group Inc. raised its stake in JPMorgan Municipal ETF by 110.6% in the 2nd quarter. Financial Connections Group Inc. now owns 63,111 shares of the company’s stock valued at $3,132,000 after purchasing an additional 33,149 shares during the last quarter. JFS Wealth Advisors LLC acquired a new position in JPMorgan Municipal ETF in the 2nd quarter valued at $816,000. Finally, Robertson Stephens Wealth Management LLC purchased a new position in shares of JPMorgan Municipal ETF during the 2nd quarter worth $1,541,000.

JPMorgan Municipal ETF Stock Up 1.4%

BATS JMUB opened at $50.50 on Friday. JPMorgan Municipal ETF has a 52 week low of $47.95 and a 52 week high of $51.31. The business’s fifty day simple moving average is $49.94 and its 200-day simple moving average is $49.58. The firm has a market cap of $3.10 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.