Foster & Motley Inc. Invests $3.63 Million in JPMorgan Municipal ETF $JMUB

Foster & Motley Inc. acquired a new stake in JPMorgan Municipal ETF (BATS:JMUB) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 72,615 shares of the company’s stock, valued at approximately $3,630,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada raised its position in shares of JPMorgan Municipal ETF by 12.1% in the 1st quarter. Royal Bank of Canada now owns 100,198 shares of the company’s stock worth $5,010,000 after buying an additional 10,823 shares during the period. AQR Capital Management LLC grew its stake in JPMorgan Municipal ETF by 37.4% in the first quarter. AQR Capital Management LLC now owns 10,756 shares of the company’s stock worth $538,000 after purchasing an additional 2,927 shares in the last quarter. Cerity Partners LLC bought a new stake in shares of JPMorgan Municipal ETF in the 2nd quarter valued at approximately $1,950,000. Peapack Gladstone Financial Corp increased its stake in JPMorgan Municipal ETF by 317.8% during the second quarter. Peapack Gladstone Financial Corp now owns 79,084 shares of the company’s stock valued at $3,926,000 after purchasing an additional 60,157 shares during the last quarter. Finally, Diversify Advisory Services LLC acquired a new stake in JPMorgan Municipal ETF during the second quarter worth about $2,233,000.

JPMorgan Municipal ETF Stock Performance

Shares of JMUB stock opened at $50.62 on Friday. JPMorgan Municipal ETF has a 1 year low of $49.06 and a 1 year high of $51.34. The firm has a market capitalization of $3.11 billion, a PE ratio of 9.96 and a beta of 0.21. The stock has a fifty day moving average of $50.35 and a two-hundred day moving average of $50.53.

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.