Bridgewater Advisors Inc. Raises Stake in JPMorgan Municipal ETF $JMUB

Bridgewater Advisors Inc. lifted its stake in JPMorgan Municipal ETF (BATS:JMUB) by 27.5% during the first quarter, HoldingsChannel reports. The firm owned 580,164 shares of the company’s stock after purchasing an additional 124,986 shares during the period. JPMorgan Municipal ETF accounts for about 1.8% of Bridgewater Advisors Inc.’s holdings, making the stock its 14th largest position. Bridgewater Advisors Inc.’s holdings in JPMorgan Municipal ETF were worth $29,136,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in JMUB. DAVENPORT & Co LLC lifted its holdings in JPMorgan Municipal ETF by 2.5% during the 4th quarter. DAVENPORT & Co LLC now owns 8,312 shares of the company’s stock valued at $420,000 after buying an additional 202 shares in the last quarter. MB Levis & Associates LLC grew its stake in JPMorgan Municipal ETF by 11.2% in the 4th quarter. MB Levis & Associates LLC now owns 2,016 shares of the company’s stock worth $102,000 after acquiring an additional 203 shares in the last quarter. Mason & Associates Inc increased its position in shares of JPMorgan Municipal ETF by 2.3% during the first quarter. Mason & Associates Inc now owns 9,364 shares of the company’s stock worth $468,000 after acquiring an additional 215 shares during the period. Pennsylvania Capital Management Inc. ADV increased its position in shares of JPMorgan Municipal ETF by 4.9% during the first quarter. Pennsylvania Capital Management Inc. ADV now owns 4,919 shares of the company’s stock worth $246,000 after acquiring an additional 230 shares during the period. Finally, Calton & Associates Inc. increased its position in shares of JPMorgan Municipal ETF by 3.3% during the fourth quarter. Calton & Associates Inc. now owns 8,540 shares of the company’s stock worth $431,000 after acquiring an additional 270 shares during the period.

JPMorgan Municipal ETF Stock Performance

JPMorgan Municipal ETF stock opened at $49.73 on Friday. The company has a market capitalization of $3.05 billion, a PE ratio of 9.96 and a beta of 0.21. The company has a 50 day moving average price of $50.31 and a 200-day moving average price of $50.49. JPMorgan Municipal ETF has a fifty-two week low of $49.17 and a fifty-two week high of $51.34.

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.