JPMorgan Municipal ETF $JMUB Shares Acquired by Diversified Portfolios Inc.

Diversified Portfolios Inc. grew its position in JPMorgan Municipal ETF (BATS:JMUB) by 22.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 284,598 shares of the company’s stock after acquiring an additional 53,106 shares during the period. JPMorgan Municipal ETF accounts for approximately 1.2% of Diversified Portfolios Inc.’s holdings, making the stock its 23rd largest position. Diversified Portfolios Inc.’s holdings in JPMorgan Municipal ETF were worth $14,372,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. TBH Global Asset Management LLC raised its holdings in shares of JPMorgan Municipal ETF by 1,180.8% in the 4th quarter. TBH Global Asset Management LLC now owns 352,676 shares of the company’s stock valued at $17,810,000 after purchasing an additional 325,140 shares in the last quarter. Aspen Wealth Management LLC raised its stake in JPMorgan Municipal ETF by 10.9% during the 4th quarter. Aspen Wealth Management LLC now owns 355,918 shares of the company’s stock worth $17,974,000 after acquiring an additional 34,931 shares in the last quarter. Breakwater Capital Group raised its stake in JPMorgan Municipal ETF by 29.7% during the 4th quarter. Breakwater Capital Group now owns 54,295 shares of the company’s stock worth $2,742,000 after acquiring an additional 12,428 shares in the last quarter. Cyndeo Wealth Partners LLC acquired a new stake in JPMorgan Municipal ETF during the 4th quarter worth $1,929,000. Finally, Daymark Wealth Partners LLC raised its stake in JPMorgan Municipal ETF by 45.4% during the 4th quarter. Daymark Wealth Partners LLC now owns 55,751 shares of the company’s stock worth $2,815,000 after acquiring an additional 17,404 shares in the last quarter.

JPMorgan Municipal ETF Price Performance

Shares of BATS:JMUB opened at $50.00 on Tuesday. The company’s fifty day moving average price is $50.25 and its 200 day moving average price is $50.57. JPMorgan Municipal ETF has a 12 month low of $49.06 and a 12 month high of $51.34. The firm has a market capitalization of $3.07 billion, a P/E ratio of 9.96 and a beta of 0.21.

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.