Cornerstone Wealth Management LLC raised its stake in JPMorgan Municipal ETF (BATS:JMUB – Free Report) by 6.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 170,228 shares of the company’s stock after acquiring an additional 9,911 shares during the period. Cornerstone Wealth Management LLC’s holdings in JPMorgan Municipal ETF were worth $8,537,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Sunbelt Securities Inc. increased its position in shares of JPMorgan Municipal ETF by 208.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,118 shares of the company’s stock worth $57,000 after purchasing an additional 755 shares during the last quarter. Blue Investment Partners LLC bought a new stake in shares of JPMorgan Municipal ETF during the 3rd quarter valued at about $203,000. Aptus Capital Advisors LLC grew its position in shares of JPMorgan Municipal ETF by 291.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 4,026 shares of the company’s stock valued at $206,000 after buying an additional 2,997 shares during the last quarter. Atria Investments Inc bought a new stake in shares of JPMorgan Municipal ETF during the 3rd quarter valued at about $208,000. Finally, Vawter Financial Ltd. bought a new stake in shares of JPMorgan Municipal ETF during the 3rd quarter valued at about $214,000.
JPMorgan Municipal ETF Trading Up 0.6 %
Shares of BATS:JMUB opened at $50.08 on Friday. The firm’s fifty day simple moving average is $50.42 and its 200-day simple moving average is $50.69. The company has a market cap of $1.39 billion, a P/E ratio of 10.22 and a beta of 0.08.
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.
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