Clearwater Capital Advisors LLC Purchases 252,933 Shares of JPMorgan Municipal ETF $JMUB

Clearwater Capital Advisors LLC boosted its position in JPMorgan Municipal ETF (BATS:JMUB) by 217.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 369,290 shares of the company’s stock after acquiring an additional 252,933 shares during the period. JPMorgan Municipal ETF accounts for approximately 1.6% of Clearwater Capital Advisors LLC’s investment portfolio, making the stock its 17th biggest holding. Clearwater Capital Advisors LLC’s holdings in JPMorgan Municipal ETF were worth $18,649,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. TBH Global Asset Management LLC raised its holdings in JPMorgan Municipal ETF by 1,180.8% in the fourth quarter. TBH Global Asset Management LLC now owns 352,676 shares of the company’s stock worth $17,810,000 after purchasing an additional 325,140 shares in the last quarter. Aspen Wealth Management LLC raised its holdings in JPMorgan Municipal ETF by 10.9% in the fourth quarter. Aspen Wealth Management LLC now owns 355,918 shares of the company’s stock worth $17,974,000 after purchasing an additional 34,931 shares in the last quarter. Breakwater Capital Group raised its holdings in JPMorgan Municipal ETF by 29.7% in the fourth quarter. Breakwater Capital Group now owns 54,295 shares of the company’s stock worth $2,742,000 after purchasing an additional 12,428 shares in the last quarter. Cyndeo Wealth Partners LLC purchased a new stake in shares of JPMorgan Municipal ETF during the fourth quarter worth about $1,929,000. Finally, Daymark Wealth Partners LLC grew its stake in shares of JPMorgan Municipal ETF by 45.4% during the fourth quarter. Daymark Wealth Partners LLC now owns 55,751 shares of the company’s stock worth $2,815,000 after acquiring an additional 17,404 shares during the last quarter.

JPMorgan Municipal ETF Stock Performance

Shares of JMUB stock opened at $50.00 on Monday. JPMorgan Municipal ETF has a fifty-two week low of $49.06 and a fifty-two week high of $51.34. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The stock’s 50-day simple moving average is $50.25 and its 200-day simple moving average is $50.57.

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.