Citadel Advisors LLC Grows Stake in JPMorgan Municipal ETF $JMUB

Citadel Advisors LLC boosted its stake in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB) by 11.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 155,263 shares of the company’s stock after purchasing an additional 15,905 shares during the period. Citadel Advisors LLC’s holdings in JPMorgan Municipal ETF were worth $7,865,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Wellington Grp LLC boosted its holdings in shares of JPMorgan Municipal ETF by 572.0% in the 1st quarter. Wellington Grp LLC now owns 625 shares of the company’s stock worth $31,000 after purchasing an additional 532 shares during the period. Brown Brothers Harriman & Co. bought a new stake in JPMorgan Municipal ETF in the fourth quarter worth $34,000. Franklin Resources Inc. bought a new stake in JPMorgan Municipal ETF in the third quarter worth $41,000. SHP Wealth Management bought a new position in JPMorgan Municipal ETF during the fourth quarter valued at $47,000. Finally, Lavaca Capital LLC bought a new position in JPMorgan Municipal ETF during the fourth quarter valued at $48,000.

JPMorgan Municipal ETF Stock Performance

JPMorgan Municipal ETF stock opened at $48.98 on Tuesday. The firm has a 50-day moving average price of $49.89 and a 200-day moving average price of $50.24. The firm has a market capitalization of $8.30 billion, a PE ratio of 9.96 and a beta of 0.23. JPMorgan Municipal ETF has a 12-month low of $48.94 and a 12-month high of $51.34.

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.