459,648 Shares in JPMorgan Municipal ETF $JMUB Bought by Kickstand Ventures LLC.

Kickstand Ventures LLC. purchased a new stake in JPMorgan Municipal ETF (NYSEARCA:JMUB) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 459,648 shares of the company’s stock, valued at approximately $21,576,000. JPMorgan Municipal ETF makes up about 3.9% of Kickstand Ventures LLC.’s investment portfolio, making the stock its 5th largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in shares of JPMorgan Municipal ETF by 1,656.4% during the fourth quarter. JPMorgan Chase & Co. now owns 13,592,101 shares of the company’s stock worth $686,401,000 after purchasing an additional 12,818,224 shares in the last quarter. LPL Financial LLC raised its holdings in shares of JPMorgan Municipal ETF by 44.5% during the 4th 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 period. Meeder Advisory Services Inc. raised its holdings in shares of JPMorgan Municipal ETF by 32.5% during the 1st quarter. Meeder Advisory Services Inc. now owns 4,262,379 shares of the company’s stock valued at $213,076,000 after buying an additional 1,044,894 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in JPMorgan Municipal ETF by 29.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,159,706 shares of the company’s stock worth $210,065,000 after acquiring an additional 950,852 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in JPMorgan Municipal ETF by 26.5% during the 1st quarter. Cetera Investment Advisers now owns 3,635,444 shares of the company’s stock worth $181,736,000 after acquiring an additional 761,782 shares in the last quarter.

JPMorgan Municipal ETF Stock Down 0.3%

NYSEARCA JMUB opened at $48.94 on Friday. JPMorgan Municipal ETF has a fifty-two week low of $48.94 and a fifty-two week high of $51.34. The business has a 50 day moving average price of $49.96 and a two-hundred day moving average price of $50.27. The stock has a market cap of $8.30 billion, a PE ratio of 9.96 and a beta of 0.23.

JPMorgan Municipal ETF 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.