JPMorgan Municipal ETF $JMUB is Tortoise Investment Management LLC’s 6th Largest Position

Tortoise Investment Management LLC boosted its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 11.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 530,147 shares of the company’s stock after acquiring an additional 53,778 shares during the period. JPMorgan Municipal ETF accounts for about 2.4% of Tortoise Investment Management LLC’s holdings, making the stock its 6th biggest position. Tortoise Investment Management LLC owned 0.86% of JPMorgan Municipal ETF worth $26,772,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Synergy Investment Management LLC grew its stake in JPMorgan Municipal ETF by 18.3% during the fourth quarter. Synergy Investment Management LLC now owns 21,632 shares of the company’s stock valued at $1,092,000 after acquiring an additional 3,349 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in JPMorgan Municipal ETF during the fourth quarter valued at approximately $708,000. Sequent Planning LLC grew its stake in JPMorgan Municipal ETF by 67.6% during the fourth quarter. Sequent Planning LLC now owns 7,959 shares of the company’s stock valued at $402,000 after acquiring an additional 3,210 shares in the last quarter. Intrua Financial LLC grew its stake in JPMorgan Municipal ETF by 3.1% during the fourth quarter. Intrua Financial LLC now owns 69,196 shares of the company’s stock valued at $3,494,000 after acquiring an additional 2,057 shares in the last quarter. Finally, RiverFront Investment Group LLC grew its stake in JPMorgan Municipal ETF by 18.4% during the fourth quarter. RiverFront Investment Group LLC now owns 130,131 shares of the company’s stock valued at $6,572,000 after acquiring an additional 20,219 shares in the last quarter.

JPMorgan Municipal ETF Trading Up 0.1%

Shares of BATS:JMUB opened at $49.99 on Tuesday. The company has a 50 day moving average of $50.31 and a 200 day moving average of $50.59. The stock has a market cap of $3.07 billion, a P/E ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 12 month low of $49.06 and a 12 month 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.