Kickstand Ventures LLC. Takes Position in JPMorgan Municipal ETF $JMUB

Kickstand Ventures LLC. acquired a new position in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 459,648 shares of the company’s stock, valued at approximately $21,576,000. JPMorgan Municipal ETF comprises about 3.9% of Kickstand Ventures LLC.’s holdings, making the stock its 5th largest position. Kickstand Ventures LLC. owned approximately 0.75% of JPMorgan Municipal ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Concurrent Investment Advisors LLC grew its position in JPMorgan Municipal ETF by 568.8% during the second quarter. Concurrent Investment Advisors LLC now owns 187,869 shares of the company’s stock valued at $8,922,000 after acquiring an additional 159,778 shares during the period. Smallwood Wealth Investment Management LLC raised its holdings in shares of JPMorgan Municipal ETF by 316,606.2% in the 2nd quarter. Smallwood Wealth Investment Management LLC now owns 50,673 shares of the company’s stock worth $2,379,000 after purchasing an additional 50,657 shares during the period. Continuum Advisory LLC acquired a new position in shares of JPMorgan Municipal ETF in the 2nd quarter valued at about $34,549,000. Emergent Wealth Advisors LLC acquired a new position in shares of JPMorgan Municipal ETF in the 2nd quarter valued at about $694,000. Finally, Lionsbridge Wealth Management LLC acquired a new position in shares of JPMorgan Municipal ETF in the 2nd quarter valued at about $3,512,000.

JPMorgan Municipal ETF Stock Performance

Shares of NYSEARCA:JMUB opened at $48.94 on Friday. The stock has a 50-day simple moving average of $49.96 and a 200-day simple moving average of $50.27. The stock has a market capitalization of $8.30 billion, a P/E ratio of 9.96 and a beta of 0.23. JPMorgan Municipal ETF has a 1 year low of $48.94 and a 1 year high of $51.34.

JPMorgan Municipal ETF Company 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.