Cliftonlarsonallen Wealth Advisors LLC Invests $1.46 Million in JPMorgan Municipal ETF $JMUB

Cliftonlarsonallen Wealth Advisors LLC acquired a new stake in shares of JPMorgan Municipal ETF (BATS:JMUB) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 29,353 shares of the company’s stock, valued at approximately $1,457,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Meeder Advisory Services Inc. bought a new position in JPMorgan Municipal ETF in the 1st quarter valued at $126,587,000. Cetera Investment Advisers increased its holdings in shares of JPMorgan Municipal ETF by 199.1% in the first quarter. Cetera Investment Advisers now owns 1,131,266 shares of the company’s stock worth $56,563,000 after purchasing an additional 753,069 shares during the period. Ameriprise Financial Inc. raised its position in shares of JPMorgan Municipal ETF by 114.2% in the first quarter. Ameriprise Financial Inc. now owns 1,116,436 shares of the company’s stock worth $55,825,000 after buying an additional 595,174 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in JPMorgan Municipal ETF by 42.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,899,154 shares of the company’s stock valued at $94,037,000 after buying an additional 569,892 shares during the period. Finally, CWM LLC boosted its stake in JPMorgan Municipal ETF by 4,492.1% during the first quarter. CWM LLC now owns 484,425 shares of the company’s stock valued at $24,221,000 after buying an additional 473,876 shares during the period.

JPMorgan Municipal ETF Stock Up 1.1%

JPMorgan Municipal ETF stock opened at $50.34 on Thursday. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The business has a 50-day simple moving average of $49.79 and a 200 day simple moving average of $49.57. JPMorgan Municipal ETF has a 52 week low of $47.95 and a 52 week high of $51.31.

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.