Blue Edge Capital LLC Takes Position in JPMorgan Municipal ETF $JMUB

Blue Edge Capital LLC purchased a new position in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 60,269 shares of the company’s stock, valued at approximately $3,053,000.

Other institutional investors have also modified their holdings of the company. Founders Financial Securities LLC boosted its stake in JPMorgan Municipal ETF by 19.3% in the 1st quarter. Founders Financial Securities LLC now owns 190,822 shares of the company’s stock worth $9,612,000 after purchasing an additional 30,843 shares during the period. CENTRAL TRUST Co boosted its position in shares of JPMorgan Municipal ETF by 8.2% during the first quarter. CENTRAL TRUST Co now owns 775,337 shares of the company’s stock worth $38,759,000 after buying an additional 58,732 shares during the period. Larson Financial Group LLC boosted its position in shares of JPMorgan Municipal ETF by 7.1% during the fourth quarter. Larson Financial Group LLC now owns 435,288 shares of the company’s stock worth $21,982,000 after buying an additional 28,878 shares during the period. Cauble & Harre Wealth Management Inc. bought a new position in shares of JPMorgan Municipal ETF during the fourth quarter worth about $1,206,000. Finally, Peapack Gladstone Financial Corp raised its position in JPMorgan Municipal ETF by 31.6% in the 4th quarter. Peapack Gladstone Financial Corp now owns 143,226 shares of the company’s stock valued at $7,232,000 after buying an additional 34,391 shares during the last quarter.

JPMorgan Municipal ETF Stock Performance

NYSEARCA JMUB opened at $48.79 on Thursday. The stock has a market capitalization of $8.27 billion, a price-to-earnings ratio of 9.96 and a beta of 0.23. The stock’s 50 day moving average price is $49.82 and its two-hundred day moving average price is $50.21. JPMorgan Municipal ETF has a 52 week low of $48.78 and a 52 week high of $51.34.

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.