Opal Capital LLC Invests $1.81 Million in JPMorgan Municipal ETF $JMUB

Opal Capital LLC bought a new position in JPMorgan Municipal ETF (BATS:JMUB) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 35,645 shares of the company’s stock, valued at approximately $1,814,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JMUB. JPMorgan Chase & Co. grew its position 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 lifted its stake in JPMorgan Municipal ETF by 44.5% during the 4th quarter. LPL Financial LLC now owns 5,531,924 shares of the company’s stock valued at $279,362,000 after acquiring an additional 1,702,513 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in 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 acquiring an additional 950,852 shares during the period. Meeder Advisory Services Inc. lifted its stake in shares of JPMorgan Municipal ETF by 9.4% in the 4th quarter. Meeder Advisory Services Inc. now owns 3,217,485 shares of the company’s stock worth $162,483,000 after purchasing an additional 277,270 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of JPMorgan Municipal ETF by 7.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,717,626 shares of the company’s stock worth $137,566,000 after purchasing an additional 176,736 shares during the period.

JPMorgan Municipal ETF Stock Up 0.0%

Shares of BATS:JMUB opened at $50.40 on Wednesday. The firm’s 50 day moving average price is $50.32 and its 200-day moving average price is $50.53. JPMorgan Municipal ETF has a twelve month low of $49.06 and a twelve month high of $51.34. The stock has a market capitalization of $3.09 billion, a PE ratio of 9.96 and a beta of 0.21.

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.