Morton Brown Family Wealth LLC Makes New $1.60 Million Investment in JPMorgan Municipal ETF $JMUB

Morton Brown Family Wealth LLC acquired a new position in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 33,535 shares of the company’s stock, valued at approximately $1,596,000. JPMorgan Municipal ETF accounts for about 0.4% of Morton Brown Family Wealth LLC’s investment portfolio, making the stock its 25th largest holding.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. HB Wealth Management LLC acquired a new position in shares of JPMorgan Municipal ETF during the 2nd quarter worth about $730,906,000. Summit Financial Strategies Inc. raised its position in shares of JPMorgan Municipal ETF by 1,780.4% in the 2nd quarter. Summit Financial Strategies Inc. now owns 2,961,426 shares of the company’s stock valued at $139,607,000 after acquiring an additional 2,803,937 shares during the period. Capital Analysts LLC raised its position in shares of JPMorgan Municipal ETF by 856.3% in the 2nd quarter. Capital Analysts LLC now owns 1,909,389 shares of the company’s stock valued at $90,546,000 after acquiring an additional 1,709,720 shares during the period. Kintra Wealth LLC raised its position in shares of JPMorgan Municipal ETF by 8,851.3% in the 2nd quarter. Kintra Wealth LLC now owns 1,433,188 shares of the company’s stock valued at $66,564,000 after acquiring an additional 1,417,177 shares during the period. Finally, Forvis Mazars Wealth Advisors LLC bought a new position in JPMorgan Municipal ETF during the 3rd quarter worth approximately $62,723,000.

JPMorgan Municipal ETF Price Performance

JPMorgan Municipal ETF stock opened at $48.67 on Monday. The firm has a market capitalization of $8.81 billion, a price-to-earnings ratio of 9.96 and a beta of 0.24. The company’s 50 day simple moving average is $48.55 and its 200 day simple moving average is $49.65. 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.