Gateway Wealth Partners LLC Purchases Shares of 10,494 JPMorgan Municipal ETF $JMUB

Gateway Wealth Partners LLC acquired a new position in JPMorgan Municipal ETF (BATS:JMUB) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,494 shares of the company’s stock, valued at approximately $525,000.

Several other hedge funds have also modified their holdings of the company. Quadcap Wealth Management LLC raised its holdings in shares of JPMorgan Municipal ETF by 8.9% during the 1st quarter. Quadcap Wealth Management LLC now owns 67,383 shares of the company’s stock worth $3,368,000 after acquiring an additional 5,524 shares in the last quarter. Waverly Advisors LLC grew its holdings in shares of JPMorgan Municipal ETF by 14.0% in the first quarter. Waverly Advisors LLC now owns 64,543 shares of the company’s stock valued at $3,226,000 after purchasing an additional 7,919 shares in the last quarter. Wealth Alliance LLC grew its holdings in shares of JPMorgan Municipal ETF by 117.9% in the first quarter. Wealth Alliance LLC now owns 27,226 shares of the company’s stock valued at $1,361,000 after purchasing an additional 14,732 shares in the last quarter. Bridgewater Advisors Inc. increased its position in JPMorgan Municipal ETF by 27.5% in the first quarter. Bridgewater Advisors Inc. now owns 580,164 shares of the company’s stock worth $29,136,000 after purchasing an additional 124,986 shares during the last quarter. Finally, Modern Wealth Management LLC bought a new stake in JPMorgan Municipal ETF in the first quarter worth $5,980,000.

JPMorgan Municipal ETF Stock Down 0.1%

JPMorgan Municipal ETF stock opened at $49.79 on Friday. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The firm’s fifty day moving average is $50.31 and its 200 day moving average is $50.47. JPMorgan Municipal ETF has a 52-week low of $49.28 and a 52-week 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.