JPMorgan Chase & Co. Buys 12,818,224 Shares of JPMorgan Municipal ETF $JMUB

JPMorgan Chase & Co. boosted its stake in JPMorgan Municipal ETF (BATS:JMUB) by 1,656.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,592,101 shares of the company’s stock after acquiring an additional 12,818,224 shares during the period. JPMorgan Chase & Co. owned 0.22% of JPMorgan Municipal ETF worth $686,401,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. raised its position in JPMorgan Municipal ETF by 29.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,159,706 shares of the company’s stock worth $210,065,000 after acquiring an additional 950,852 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in JPMorgan Municipal ETF by 7.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,717,626 shares of the company’s stock worth $137,566,000 after acquiring an additional 176,736 shares during the period. Ameriprise Financial Inc. raised its position in JPMorgan Municipal ETF by 43.7% in the third quarter. Ameriprise Financial Inc. now owns 2,246,619 shares of the company’s stock worth $113,284,000 after acquiring an additional 683,129 shares during the period. Raymond James Financial Inc. raised its position in JPMorgan Municipal ETF by 16.0% in the second quarter. Raymond James Financial Inc. now owns 1,763,230 shares of the company’s stock worth $87,527,000 after acquiring an additional 243,751 shares during the period. Finally, Bank of America Corp DE raised its position in JPMorgan Municipal ETF by 13.6% in the third quarter. Bank of America Corp DE now owns 1,251,884 shares of the company’s stock worth $63,183,000 after acquiring an additional 150,212 shares during the period.

JPMorgan Municipal ETF Stock Performance

Shares of JMUB stock opened at $50.45 on Wednesday. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 52 week low of $49.06 and a 52 week high of $51.34. The firm’s 50-day simple moving average is $50.28 and its two-hundred day simple moving average is $50.54.

JPMorgan Municipal ETF Company 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.