RiverFront Investment Group LLC Has $6.57 Million Stake in JPMorgan Municipal ETF $JMUB

RiverFront Investment Group LLC raised its position in JPMorgan Municipal ETF (BATS:JMUB) by 18.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 130,131 shares of the company’s stock after purchasing an additional 20,219 shares during the quarter. RiverFront Investment Group LLC owned 0.21% of JPMorgan Municipal ETF worth $6,572,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Godsey & Gibb Inc. acquired a new stake in shares of JPMorgan Municipal ETF in the 4th quarter valued at about $27,000. Goodman Advisory Group LLC bought a new position in shares of JPMorgan Municipal ETF in the 3rd quarter valued at about $37,000. Franklin Resources Inc. bought a new position in shares of JPMorgan Municipal ETF in the 3rd quarter valued at about $41,000. N.E.W. Advisory Services LLC bought a new position in shares of JPMorgan Municipal ETF in the 4th quarter valued at about $44,000. Finally, Archer Investment Corp bought a new position in shares of JPMorgan Municipal ETF in the 3rd quarter valued at about $58,000.

JPMorgan Municipal ETF Price Performance

Shares of BATS JMUB opened at $49.96 on Monday. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The business has a 50-day moving average of $50.33 and a 200-day moving average of $50.60. JPMorgan Municipal ETF has a fifty-two week low of $49.06 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.