Storgate LLC Purchases New Position in JPMorgan Municipal ETF $JMUB

Storgate LLC purchased a new stake in shares of JPMorgan Municipal ETF (BATS:JMUB) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 13,444 shares of the company’s stock, valued at approximately $679,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TBH Global Asset Management LLC grew its holdings in JPMorgan Municipal ETF by 1,180.8% in the fourth quarter. TBH Global Asset Management LLC now owns 352,676 shares of the company’s stock worth $17,810,000 after purchasing an additional 325,140 shares during the period. Aspen Wealth Management LLC grew its holdings in JPMorgan Municipal ETF by 10.9% in the fourth quarter. Aspen Wealth Management LLC now owns 355,918 shares of the company’s stock worth $17,974,000 after purchasing an additional 34,931 shares during the period. Breakwater Capital Group grew its holdings in JPMorgan Municipal ETF by 29.7% in the fourth quarter. Breakwater Capital Group now owns 54,295 shares of the company’s stock worth $2,742,000 after purchasing an additional 12,428 shares during the period. Cyndeo Wealth Partners LLC purchased a new stake in JPMorgan Municipal ETF in the fourth quarter worth about $1,929,000. Finally, Daymark Wealth Partners LLC grew its holdings in JPMorgan Municipal ETF by 45.4% in the fourth quarter. Daymark Wealth Partners LLC now owns 55,751 shares of the company’s stock worth $2,815,000 after purchasing an additional 17,404 shares during the period.

JPMorgan Municipal ETF Stock Performance

Shares of JMUB opened at $50.32 on Friday. The stock has a market cap of $3.09 billion, a PE ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a fifty-two week low of $49.06 and a fifty-two week high of $51.34. The firm’s 50-day simple moving average is $50.31 and its two-hundred day simple moving average is $50.54.

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.