Strive Financial Group LLC Takes Position in JPMorgan Municipal ETF $JMUB

Strive Financial Group LLC acquired a new position in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,652 shares of the company’s stock, valued at approximately $594,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Grp LLC boosted its stake in JPMorgan Municipal ETF by 572.0% during the first quarter. Wellington Grp LLC now owns 625 shares of the company’s stock worth $31,000 after buying an additional 532 shares during the period. Brown Brothers Harriman & Co. purchased a new stake in shares of JPMorgan Municipal ETF in the 4th quarter valued at approximately $34,000. Franklin Resources Inc. purchased a new stake in shares of JPMorgan Municipal ETF in the 3rd quarter valued at approximately $41,000. SHP Wealth Management acquired a new position in shares of JPMorgan Municipal ETF in the 4th quarter worth approximately $47,000. Finally, Lavaca Capital LLC acquired a new position in shares of JPMorgan Municipal ETF in the 4th quarter worth approximately $48,000.

JPMorgan Municipal ETF Stock Performance

NYSEARCA:JMUB opened at $48.98 on Friday. The stock has a market capitalization of $8.30 billion, a P/E ratio of 9.96 and a beta of 0.23. The company has a 50 day moving average price of $49.93 and a 200 day moving average price of $50.26. JPMorgan Municipal ETF has a fifty-two week low of $48.94 and a fifty-two week high of $51.34.

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.