Hopwood Nicholas Hunter Makes New $3.79 Million Investment in JPMorgan Municipal ETF $JMUB

Hopwood Nicholas Hunter purchased a new position in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 80,853 shares of the company’s stock, valued at approximately $3,795,000. Hopwood Nicholas Hunter owned about 0.13% of JPMorgan Municipal ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Elevation Wealth Management LLC bought a new stake in JPMorgan Municipal ETF during the second quarter worth approximately $1,238,000. BAM Wealth Management LLC bought a new position in shares of JPMorgan Municipal ETF in the second quarter valued at approximately $462,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of JPMorgan Municipal ETF in the second quarter valued at approximately $1,162,000. Legacy Wealth Managment LLC ID lifted its stake in shares of JPMorgan Municipal ETF by 2,505.8% in the second quarter. Legacy Wealth Managment LLC ID now owns 33,224 shares of the company’s stock worth $1,560,000 after buying an additional 31,949 shares during the last quarter. Finally, NWF Advisory Services Inc. lifted its stake in shares of JPMorgan Municipal ETF by 12.4% in the second quarter. NWF Advisory Services Inc. now owns 25,125 shares of the company’s stock worth $1,273,000 after buying an additional 2,777 shares during the last quarter.

JPMorgan Municipal ETF Trading Up 0.1%

NYSEARCA:JMUB opened at $48.98 on Friday. JPMorgan Municipal ETF has a 1 year low of $48.94 and a 1 year high of $51.34. The firm’s fifty day simple moving average is $49.93 and its 200 day simple moving average is $50.26. The firm has a market capitalization of $8.30 billion, a PE ratio of 9.96 and a beta of 0.23.

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.