Nolet Wealth Management LLC Makes New $24.77 Million Investment in JPMorgan Municipal ETF $JMUB

Nolet Wealth Management LLC bought a new position in shares of JPMorgan Municipal ETF (BATS:JMUB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 490,456 shares of the company’s stock, valued at approximately $24,768,000. JPMorgan Municipal ETF comprises 13.8% of Nolet Wealth Management LLC’s portfolio, making the stock its 2nd largest holding.

A number of other institutional investors have also modified their holdings of JMUB. JPMorgan Chase & Co. raised its position in shares of 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 buying an additional 12,818,224 shares during the last quarter. LPL Financial LLC raised its position in shares of 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 buying an additional 1,702,513 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of JPMorgan Municipal ETF by 29.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,159,706 shares of the company’s stock valued at $210,065,000 after buying an additional 950,852 shares during the last quarter. Captrust Financial Advisors raised its position in shares of JPMorgan Municipal ETF by 375.8% in the third quarter. Captrust Financial Advisors now owns 1,061,229 shares of the company’s stock valued at $53,560,000 after buying an additional 838,165 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of JPMorgan Municipal ETF by 43.7% in the third quarter. Ameriprise Financial Inc. now owns 2,246,619 shares of the company’s stock valued at $113,284,000 after buying an additional 683,129 shares during the last quarter.

JPMorgan Municipal ETF Price Performance

BATS:JMUB opened at $50.40 on Wednesday. The firm has a 50 day simple moving average of $50.32 and a 200-day simple moving average of $50.53. The firm has a market cap of $3.09 billion, a PE 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.

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.