Wealth Enhancement Advisory Services LLC Has $128.04 Million Stake in JPMorgan Municipal ETF $JMUB

Wealth Enhancement Advisory Services LLC increased its position in JPMorgan Municipal ETF (BATS:JMUB) by 33.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,540,890 shares of the company’s stock after buying an additional 641,736 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in JPMorgan Municipal ETF were worth $128,035,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JMUB. Avantax Advisory Services Inc. grew its position in JPMorgan Municipal ETF by 2,438.3% in the second quarter. Avantax Advisory Services Inc. now owns 897,843 shares of the company’s stock worth $44,569,000 after acquiring an additional 862,471 shares in the last quarter. Bank of America Corp DE boosted its holdings in JPMorgan Municipal ETF by 152.3% in the second quarter. Bank of America Corp DE now owns 1,101,672 shares of the company’s stock worth $54,687,000 after purchasing an additional 665,100 shares in the last quarter. G2 Capital Management LLC OH increased its position in JPMorgan Municipal ETF by 489.2% during the second quarter. G2 Capital Management LLC OH now owns 695,217 shares of the company’s stock worth $34,511,000 after buying an additional 577,227 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of JPMorgan Municipal ETF by 40.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,563,490 shares of the company’s stock valued at $77,572,000 after acquiring an additional 447,054 shares during the last quarter. Finally, 1900 Wealth Management LLC raised its position in shares of JPMorgan Municipal ETF by 46.4% in the third quarter. 1900 Wealth Management LLC now owns 1,174,163 shares of the company’s stock valued at $59,260,000 after purchasing an additional 372,032 shares during the period.

JPMorgan Municipal ETF Price Performance

JMUB stock opened at $50.80 on Monday. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The company has a 50-day moving average of $50.63 and a two-hundred day moving average of $50.19. JPMorgan Municipal ETF has a 52-week low of $47.95 and a 52-week high of $51.31.

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.