Clearwater Capital Advisors LLC Buys 111,139 Shares of JPMorgan Municipal ETF $JMUB

Clearwater Capital Advisors LLC boosted its stake in JPMorgan Municipal ETF (BATS:JMUB) by 30.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 480,429 shares of the company’s stock after buying an additional 111,139 shares during the quarter. JPMorgan Municipal ETF makes up 1.9% of Clearwater Capital Advisors LLC’s investment portfolio, making the stock its 17th largest holding. Clearwater Capital Advisors LLC owned 0.78% of JPMorgan Municipal ETF worth $24,017,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Royal Bank of Canada grew its stake in shares of JPMorgan Municipal ETF by 12.1% in the 1st quarter. Royal Bank of Canada now owns 100,198 shares of the company’s stock worth $5,010,000 after acquiring an additional 10,823 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of JPMorgan Municipal ETF by 37.4% during the first quarter. AQR Capital Management LLC now owns 10,756 shares of the company’s stock valued at $538,000 after purchasing an additional 2,927 shares in the last quarter. Cerity Partners LLC bought a new position in shares of JPMorgan Municipal ETF during the second quarter valued at about $1,950,000. Peapack Gladstone Financial Corp boosted its holdings in JPMorgan Municipal ETF by 317.8% during the second quarter. Peapack Gladstone Financial Corp now owns 79,084 shares of the company’s stock worth $3,926,000 after purchasing an additional 60,157 shares during the last quarter. Finally, Diversify Advisory Services LLC purchased a new position in JPMorgan Municipal ETF during the second quarter worth about $2,233,000.

JPMorgan Municipal ETF Stock Performance

Shares of JMUB stock opened at $49.96 on Thursday. JPMorgan Municipal ETF has a 52-week low of $49.10 and a 52-week high of $51.34. The company has a 50-day simple moving average of $50.33 and a two-hundred day simple moving average of $50.50. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF 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.