1,318,267 Shares in JPMorgan Municipal ETF $JMUB Purchased by Forvis Mazars Wealth Advisors LLC

Forvis Mazars Wealth Advisors LLC acquired a new stake in JPMorgan Municipal ETF (NYSEARCA:JMUB) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,318,267 shares of the company’s stock, valued at approximately $62,723,000. JPMorgan Municipal ETF comprises approximately 1.0% of Forvis Mazars Wealth Advisors LLC’s investment portfolio, making the stock its 15th biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Mason & Associates Inc lifted its holdings in JPMorgan Municipal ETF by 2.3% in the 1st quarter. Mason & Associates Inc now owns 9,364 shares of the company’s stock valued at $468,000 after purchasing an additional 215 shares in the last quarter. Pennsylvania Capital Management Inc. ADV boosted its position in JPMorgan Municipal ETF by 4.9% during the first quarter. Pennsylvania Capital Management Inc. ADV now owns 4,919 shares of the company’s stock worth $246,000 after acquiring an additional 230 shares during the last quarter. Balefire LLC grew its stake in JPMorgan Municipal ETF by 4.3% during the 2nd quarter. Balefire LLC now owns 5,870 shares of the company’s stock valued at $297,000 after acquiring an additional 242 shares in the last quarter. J. R. Prunier Capital Management LLC boosted its holdings in shares of JPMorgan Municipal ETF by 2.5% during the 1st quarter. J. R. Prunier Capital Management LLC now owns 10,470 shares of the company’s stock worth $523,000 after purchasing an additional 252 shares during the last quarter. Finally, Milestone Investment Advisors LLC increased its holdings in shares of JPMorgan Municipal ETF by 2.8% in the first quarter. Milestone Investment Advisors LLC now owns 10,898 shares of the company’s stock valued at $545,000 after purchasing an additional 295 shares during the last quarter.

JPMorgan Municipal ETF Price Performance

JPMorgan Municipal ETF stock traded up $0.23 during trading on Tuesday, reaching $47.88. 5,887,294 shares of the company were exchanged, compared to its average volume of 1,333,953. JPMorgan Municipal ETF has a 52-week low of $47.20 and a 52-week high of $51.34. The stock’s 50 day simple moving average is $48.84 and its two-hundred day simple moving average is $49.77. The company has a market capitalization of $8.40 billion, a P/E ratio of 9.96 and a beta of 0.24.

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.