Modern Wealth Management LLC acquired a new position in JPMorgan Municipal ETF (BATS:JMUB – Free Report) in the first quarter, Holdings Channel.com reports. The firm acquired 119,575 shares of the company’s stock, valued at approximately $5,980,000.
Several other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada raised its holdings in shares of JPMorgan Municipal ETF by 12.1% during the 1st quarter. Royal Bank of Canada now owns 100,198 shares of the company’s stock valued at $5,010,000 after buying an additional 10,823 shares in the last quarter. AQR Capital Management LLC boosted its stake in JPMorgan Municipal ETF by 37.4% in the first quarter. AQR Capital Management LLC now owns 10,756 shares of the company’s stock worth $538,000 after buying an additional 2,927 shares in the last quarter. Cerity Partners LLC purchased a new stake in JPMorgan Municipal ETF in the second quarter worth approximately $1,950,000. Peapack Gladstone Financial Corp grew its position 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 valued at $3,926,000 after acquiring an additional 60,157 shares during the last quarter. Finally, Diversify Advisory Services LLC bought a new position in JPMorgan Municipal ETF during the second quarter valued at approximately $2,233,000.
JPMorgan Municipal ETF Stock Performance
JMUB stock opened at $49.73 on Friday. The company has a market capitalization of $3.05 billion, a PE ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a one year low of $49.17 and a one year high of $51.34. The company’s 50 day moving average price is $50.31 and its two-hundred day moving average price is $50.49.
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.
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