Axxcess Wealth Management LLC Buys 95,237 Shares of JPMorgan Municipal ETF $JMUB

Axxcess Wealth Management LLC raised its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 118.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 175,414 shares of the company’s stock after purchasing an additional 95,237 shares during the quarter. Axxcess Wealth Management LLC’s holdings in JPMorgan Municipal ETF were worth $8,858,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of JMUB. Northwestern Mutual Wealth Management Co. lifted its stake in shares of JPMorgan Municipal ETF by 34.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,208,854 shares of the company’s stock valued at $161,951,000 after purchasing an additional 826,847 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of JPMorgan Municipal ETF by 7.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,717,626 shares of the company’s stock valued at $137,566,000 after purchasing an additional 176,736 shares during the last quarter. Ameriprise Financial Inc. increased its position in JPMorgan Municipal ETF by 43.7% during the third quarter. Ameriprise Financial Inc. now owns 2,246,619 shares of the company’s stock valued at $113,284,000 after acquiring an additional 683,129 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of JPMorgan Municipal ETF by 16.0% in the second quarter. Raymond James Financial Inc. now owns 1,763,230 shares of the company’s stock worth $87,527,000 after buying an additional 243,751 shares during the period. Finally, Bank of America Corp DE raised its position in shares of JPMorgan Municipal ETF by 13.6% during the 3rd quarter. Bank of America Corp DE now owns 1,251,884 shares of the company’s stock valued at $63,183,000 after purchasing an additional 150,212 shares during the period.

JPMorgan Municipal ETF Stock Performance

Shares of BATS JMUB opened at $50.00 on Friday. JPMorgan Municipal ETF has a 52-week low of $49.06 and a 52-week high of $51.34. The firm’s fifty day moving average is $50.25 and its two-hundred day moving average is $50.57. The company has a market cap of $3.07 billion, a P/E 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.