Lebenthal Global Advisors LLC Invests $23.84 Million in JPMorgan Municipal ETF $JMUB

Lebenthal Global Advisors LLC purchased a new position in JPMorgan Municipal ETF (BATS:JMUB) during the 3rd quarter, HoldingsChannel reports. The fund purchased 472,343 shares of the company’s stock, valued at approximately $23,839,000. JPMorgan Municipal ETF makes up approximately 4.2% of Lebenthal Global Advisors LLC’s investment portfolio, making the stock its 7th largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Avantax Advisory Services Inc. grew its stake in JPMorgan Municipal ETF by 2,438.3% during the 2nd quarter. Avantax Advisory Services Inc. now owns 897,843 shares of the company’s stock valued at $44,569,000 after acquiring an additional 862,471 shares in the last quarter. Bank of America Corp DE lifted its stake in JPMorgan Municipal ETF by 152.3% in the 2nd quarter. Bank of America Corp DE now owns 1,101,672 shares of the company’s stock worth $54,687,000 after purchasing an additional 665,100 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of JPMorgan Municipal ETF by 33.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,540,890 shares of the company’s stock worth $128,035,000 after purchasing an additional 641,736 shares during the last quarter. G2 Capital Management LLC OH grew its position in shares of JPMorgan Municipal ETF by 489.2% in the second quarter. G2 Capital Management LLC OH now owns 695,217 shares of the company’s stock valued at $34,511,000 after purchasing an additional 577,227 shares in the last quarter. Finally, Avantax Planning Partners Inc. grew its position in shares of JPMorgan Municipal ETF by 88.8% in the third quarter. Avantax Planning Partners Inc. now owns 1,160,184 shares of the company’s stock valued at $58,554,000 after purchasing an additional 545,783 shares in the last quarter.

JPMorgan Municipal ETF Stock Performance

BATS:JMUB opened at $50.86 on Friday. JPMorgan Municipal ETF has a one year low of $47.95 and a one year high of $51.31. The stock has a market cap of $3.12 billion, a PE ratio of 9.96 and a beta of 0.21. The stock has a 50 day moving average price of $50.65 and a 200 day moving average price of $50.28.

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.