JPMorgan Municipal ETF $JMUB Shares Acquired by LPL Financial LLC

LPL Financial LLC grew its stake in JPMorgan Municipal ETF (BATS:JMUB) by 44.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,531,924 shares of the company’s stock after purchasing an additional 1,702,513 shares during the quarter. LPL Financial LLC owned approximately 9.02% of JPMorgan Municipal ETF worth $279,362,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of JMUB. JPMorgan Chase & Co. grew its position in shares of 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 buying an additional 12,818,224 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of JPMorgan Municipal ETF by 29.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,159,706 shares of the company’s stock valued at $210,065,000 after buying an additional 950,852 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of JPMorgan Municipal ETF by 7.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,717,626 shares of the company’s stock valued at $137,566,000 after buying an additional 176,736 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of JPMorgan Municipal ETF by 43.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,246,619 shares of the company’s stock valued at $113,284,000 after buying an additional 683,129 shares during the last quarter. Finally, Raymond James Financial Inc. grew its position in shares of JPMorgan Municipal ETF by 16.0% during the 2nd quarter. Raymond James Financial Inc. now owns 1,763,230 shares of the company’s stock valued at $87,527,000 after buying an additional 243,751 shares during the last quarter.

JPMorgan Municipal ETF Stock Up 0.1%

Shares of BATS:JMUB opened at $50.45 on Wednesday. JPMorgan Municipal ETF has a fifty-two week low of $49.06 and a fifty-two week high of $51.34. The firm has a 50-day simple moving average of $50.28 and a 200 day simple moving average of $50.54. The company has a market cap of $3.10 billion, a PE ratio of 9.96 and a beta of 0.21.

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.