Tortoise Investment Management LLC boosted its holdings in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB – Free Report) by 12.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 664,214 shares of the company’s stock after buying an additional 73,075 shares during the period. JPMorgan Municipal ETF makes up about 2.5% of Tortoise Investment Management LLC’s holdings, making the stock its 5th largest holding. Tortoise Investment Management LLC’s holdings in JPMorgan Municipal ETF were worth $33,646,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Wellington Grp LLC increased its stake in JPMorgan Municipal ETF by 572.0% in the 1st quarter. Wellington Grp LLC now owns 625 shares of the company’s stock worth $31,000 after acquiring an additional 532 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of JPMorgan Municipal ETF during the 4th quarter valued at about $34,000. Franklin Resources Inc. purchased a new position in shares of JPMorgan Municipal ETF during the third quarter worth about $41,000. SHP Wealth Management bought a new position in shares of JPMorgan Municipal ETF in the fourth quarter worth approximately $47,000. Finally, Lavaca Capital LLC bought a new stake in JPMorgan Municipal ETF during the fourth quarter valued at approximately $48,000.
JPMorgan Municipal ETF Price Performance
JMUB stock opened at $48.79 on Thursday. The firm has a 50 day simple moving average of $49.82 and a two-hundred day simple moving average of $50.21. The stock has a market cap of $8.27 billion, a PE ratio of 9.96 and a beta of 0.23. JPMorgan Municipal ETF has a one year low of $48.78 and a one year 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.
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