Elevated Financial Group LLC Makes New $3.77 Million Investment in JPMorgan Municipal ETF $JMUB

Elevated Financial Group LLC bought a new stake in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 79,147 shares of the company’s stock, valued at approximately $3,766,000. JPMorgan Municipal ETF comprises 1.1% of Elevated Financial Group LLC’s holdings, making the stock its 21st largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Mason & Associates Inc boosted its stake in shares of JPMorgan Municipal ETF by 2.3% in the 1st quarter. Mason & Associates Inc now owns 9,364 shares of the company’s stock worth $468,000 after buying an additional 215 shares during the last quarter. Pennsylvania Capital Management Inc. ADV increased its position in JPMorgan Municipal ETF by 4.9% during the first quarter. Pennsylvania Capital Management Inc. ADV now owns 4,919 shares of the company’s stock valued at $246,000 after acquiring an additional 230 shares during the last quarter. Balefire LLC increased its position in JPMorgan Municipal ETF by 4.3% during the second quarter. Balefire LLC now owns 5,870 shares of the company’s stock valued at $297,000 after acquiring an additional 242 shares during the last quarter. J. R. Prunier Capital Management LLC increased its position in JPMorgan Municipal ETF by 2.5% during the first quarter. J. R. Prunier Capital Management LLC now owns 10,470 shares of the company’s stock valued at $523,000 after acquiring an additional 252 shares during the last quarter. Finally, Milestone Investment Advisors LLC lifted its holdings in JPMorgan Municipal ETF by 2.8% in the first quarter. Milestone Investment Advisors LLC now owns 10,898 shares of the company’s stock valued at $545,000 after acquiring an additional 295 shares during the period.

JPMorgan Municipal ETF Stock Performance

JMUB stock opened at $48.20 on Friday. The company has a market cap of $8.72 billion, a price-to-earnings ratio of 9.96 and a beta of 0.24. The business’s 50-day moving average is $48.70 and its two-hundred day moving average is $49.71. JPMorgan Municipal ETF has a fifty-two week low of $47.20 and a fifty-two 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.