Principle Wealth Partners LLC Takes $2.03 Million Position in JPMorgan Municipal ETF $JMUB

Principle Wealth Partners LLC acquired a new stake in JPMorgan Municipal ETF (BATS:JMUB) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 40,151 shares of the company’s stock, valued at approximately $2,028,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Godsey & Gibb Inc. bought a new position in shares of JPMorgan Municipal ETF in the fourth quarter valued at approximately $27,000. Goodman Advisory Group LLC bought a new position in shares of JPMorgan Municipal ETF in the third quarter valued at approximately $37,000. Franklin Resources Inc. bought a new position in shares of JPMorgan Municipal ETF in the third quarter valued at approximately $41,000. N.E.W. Advisory Services LLC bought a new position in shares of JPMorgan Municipal ETF in the fourth quarter valued at approximately $44,000. Finally, Archer Investment Corp bought a new position in shares of JPMorgan Municipal ETF in the third quarter valued at approximately $58,000.

JPMorgan Municipal ETF Price Performance

JPMorgan Municipal ETF stock opened at $50.00 on Friday. The firm has a 50 day simple moving average of $50.25 and a 200-day simple moving average of $50.57. The stock has a market capitalization of $3.07 billion, a PE ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 12-month low of $49.06 and a 12-month 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.