JPMorgan Municipal ETF $JMUB Stock Position Raised by LPL Financial LLC

LPL Financial LLC lifted its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 44.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,531,924 shares of the company’s stock after buying an additional 1,702,513 shares during the period. LPL Financial LLC owned 0.09% of JPMorgan Municipal ETF worth $279,362,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Royal Bank of Canada grew its position in JPMorgan Municipal ETF by 12.1% in the 1st quarter. Royal Bank of Canada now owns 100,198 shares of the company’s stock worth $5,010,000 after purchasing an additional 10,823 shares during the last quarter. AQR Capital Management LLC grew its position in JPMorgan Municipal ETF by 37.4% in the 1st quarter. AQR Capital Management LLC now owns 10,756 shares of the company’s stock worth $538,000 after purchasing an additional 2,927 shares during the last quarter. Cerity Partners LLC bought a new position in JPMorgan Municipal ETF in the 2nd quarter worth about $1,950,000. Peapack Gladstone Financial Corp grew its position in JPMorgan Municipal ETF by 317.8% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 79,084 shares of the company’s stock worth $3,926,000 after purchasing an additional 60,157 shares during the last quarter. Finally, Diversify Advisory Services LLC bought a new position in JPMorgan Municipal ETF in the 2nd quarter worth about $2,233,000.

JPMorgan Municipal ETF Trading Up 0.1%

BATS JMUB opened at $50.45 on Wednesday. JPMorgan Municipal ETF has a 52 week low of $49.06 and a 52 week high of $51.34. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The company has a 50-day moving average price of $50.28 and a two-hundred day moving average price of $50.54.

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.