Meeder Advisory Services Inc. increased its position in JPMorgan Municipal ETF (BATS:JMUB – Free Report) by 32.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 4,262,379 shares of the company’s stock after acquiring an additional 1,044,894 shares during the quarter. JPMorgan Municipal ETF accounts for about 8.9% of Meeder Advisory Services Inc.’s investment portfolio, making the stock its biggest holding. Meeder Advisory Services Inc. owned about 0.07% of JPMorgan Municipal ETF worth $213,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently modified their holdings of JMUB. Godsey & Gibb Inc. bought a new position in JPMorgan Municipal ETF in the fourth quarter valued at about $27,000. Brown Brothers Harriman & Co. bought a new stake in shares of JPMorgan Municipal ETF during the 4th quarter valued at about $34,000. Franklin Resources Inc. bought a new stake in shares of JPMorgan Municipal ETF during the 3rd quarter valued at about $41,000. N.E.W. Advisory Services LLC bought a new stake in shares of JPMorgan Municipal ETF during the 4th quarter valued at about $44,000. Finally, SHP Wealth Management purchased a new stake in shares of JPMorgan Municipal ETF during the 4th quarter valued at about $47,000.
JPMorgan Municipal ETF Price Performance
Shares of BATS:JMUB opened at $50.21 on Monday. The firm’s 50 day moving average price is $50.34 and its 200-day moving average price is $50.51. JPMorgan Municipal ETF has a twelve month low of $49.06 and a twelve month high of $51.34. The stock has a market capitalization of $3.08 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.
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Want to see what other hedge funds are holding JMUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Municipal ETF (BATS:JMUB – Free Report).
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