Founders Financial Securities LLC Has $9.61 Million Stock Position in JPMorgan Municipal ETF $JMUB

Founders Financial Securities LLC boosted its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 19.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 190,822 shares of the company’s stock after acquiring an additional 30,843 shares during the quarter. Founders Financial Securities LLC’s holdings in JPMorgan Municipal ETF were worth $9,612,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Westmount Partners LLC acquired a new position in shares of JPMorgan Municipal ETF during the first quarter worth approximately $349,000. Carter Financial LLC bought a new stake in shares of JPMorgan Municipal ETF during the fourth quarter valued at approximately $753,000. Rockefeller Capital Management L.P. increased its holdings in shares of JPMorgan Municipal ETF by 10.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 795,805 shares of the company’s stock valued at $40,188,000 after purchasing an additional 75,646 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of JPMorgan Municipal ETF by 0.8% in the fourth quarter. Corient Private Wealth LLC now owns 739,939 shares of the company’s stock valued at $37,367,000 after purchasing an additional 6,034 shares in the last quarter. Finally, SHP Wealth Management acquired a new stake in shares of JPMorgan Municipal ETF in the fourth quarter valued at approximately $47,000.

JPMorgan Municipal ETF Price Performance

JMUB stock opened at $50.48 on Friday. The company has a 50 day moving average price of $50.33 and a 200 day moving average price of $50.53. JPMorgan Municipal ETF has a fifty-two week low of $49.06 and a fifty-two week high of $51.34. The stock has a market capitalization of $3.10 billion, a PE ratio of 9.96 and a beta of 0.21.

About JPMorgan Municipal ETF

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.