GFS Advisors LLC Acquires New Position in JPMorgan Municipal ETF $JMUB

GFS Advisors LLC acquired a new stake in JPMorgan Municipal ETF (BATS:JMUB) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 40,600 shares of the company’s stock, valued at approximately $2,050,000. GFS Advisors LLC owned about 0.07% of JPMorgan Municipal ETF at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Capital Analysts LLC increased its stake in JPMorgan Municipal ETF by 86.1% in the fourth quarter. Capital Analysts LLC now owns 183,808 shares of the company’s stock valued at $9,282,000 after acquiring an additional 85,060 shares during the last quarter. Cerity Partners LLC increased its stake in JPMorgan Municipal ETF by 14.5% in the fourth quarter. Cerity Partners LLC now owns 47,818 shares of the company’s stock valued at $2,415,000 after acquiring an additional 6,039 shares during the last quarter. LPL Financial LLC increased its stake in JPMorgan Municipal ETF by 44.5% in the fourth quarter. LPL Financial LLC now owns 5,531,924 shares of the company’s stock valued at $279,362,000 after acquiring an additional 1,702,513 shares during the last quarter. JPMorgan Chase & Co. increased its stake in JPMorgan Municipal ETF by 1,656.4% in the fourth quarter. JPMorgan Chase & Co. now owns 13,592,101 shares of the company’s stock valued at $686,401,000 after acquiring an additional 12,818,224 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in JPMorgan Municipal ETF by 41.8% in the fourth quarter. Parallel Advisors LLC now owns 4,723 shares of the company’s stock valued at $239,000 after acquiring an additional 1,392 shares during the last quarter.

JPMorgan Municipal ETF Price Performance

Shares of BATS:JMUB opened at $50.45 on Wednesday. The company’s 50 day simple moving average is $50.28 and its 200 day simple moving average is $50.54. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 1 year low of $49.06 and a 1 year 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.