NewEdge Advisors LLC Increases Stock Holdings in JPMorgan Municipal ETF $JMUB

NewEdge Advisors LLC raised its holdings in JPMorgan Municipal ETF (NYSEARCA:JMUB) by 100.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 117,735 shares of the company’s stock after acquiring an additional 59,017 shares during the quarter. NewEdge Advisors LLC’s holdings in JPMorgan Municipal ETF were worth $5,799,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in JMUB. HB Wealth Management LLC acquired a new position in shares of JPMorgan Municipal ETF in the 2nd quarter valued at $730,906,000. JPMorgan Chase & Co. grew its stake in JPMorgan Municipal ETF by 1,656.4% during the 4th quarter. JPMorgan Chase & Co. now owns 13,592,101 shares of the company’s stock valued at $686,401,000 after purchasing an additional 12,818,224 shares during the last quarter. LPL Financial LLC increased its holdings in shares of JPMorgan Municipal ETF by 44.5% in the fourth quarter. LPL Financial LLC now owns 5,531,924 shares of the company’s stock valued at $279,362,000 after purchasing an additional 1,702,513 shares during the period. Kintra Wealth LLC increased its holdings in shares of JPMorgan Municipal ETF by 8,851.3% in the second quarter. Kintra Wealth LLC now owns 1,433,188 shares of the company’s stock valued at $66,564,000 after purchasing an additional 1,417,177 shares during the period. Finally, Corient Private Wealth LP raised its stake in shares of JPMorgan Municipal ETF by 187.4% in the second quarter. Corient Private Wealth LP now owns 1,943,940 shares of the company’s stock worth $93,477,000 after purchasing an additional 1,267,651 shares during the last quarter.

JPMorgan Municipal ETF Stock Down 0.1%

JPMorgan Municipal ETF stock opened at $48.66 on Tuesday. The stock has a 50-day moving average price of $49.71 and a 200 day moving average price of $50.15. The company has a market capitalization of $8.25 billion, a price-to-earnings ratio of 9.96 and a beta of 0.23. JPMorgan Municipal ETF has a 52 week low of $48.41 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.