Waverly Advisors LLC Buys 211,067 Shares of JPMorgan Municipal ETF $JMUB

Waverly Advisors LLC lifted its stake in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB) by 327.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 275,610 shares of the company’s stock after buying an additional 211,067 shares during the period. Waverly Advisors LLC’s holdings in JPMorgan Municipal ETF were worth $13,559,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Wellington Grp LLC raised its stake in JPMorgan Municipal ETF by 572.0% in the first quarter. Wellington Grp LLC now owns 625 shares of the company’s stock valued at $31,000 after purchasing an additional 532 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in JPMorgan Municipal ETF during the fourth quarter worth about $34,000. Franklin Resources Inc. bought a new position in JPMorgan Municipal ETF in the 3rd quarter valued at about $41,000. SHP Wealth Management bought a new position in JPMorgan Municipal ETF in the 4th quarter valued at about $47,000. Finally, Lavaca Capital LLC bought a new position in JPMorgan Municipal ETF in the 4th quarter valued at about $48,000.

JPMorgan Municipal ETF Trading Up 0.1%

Shares of NYSEARCA:JMUB opened at $49.03 on Wednesday. The firm has a 50 day moving average of $49.86 and a 200-day moving average of $50.22. JPMorgan Municipal ETF has a 12 month low of $48.94 and a 12 month high of $51.34. The stock has a market capitalization of $8.31 billion, a PE ratio of 9.96 and a beta of 0.23.

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.