Kestra Advisory Services LLC Raises Stock Position in JPMorgan Municipal ETF $JMUB

Kestra Advisory Services LLC lifted its stake in JPMorgan Municipal ETF (BATS:JMUB) by 28.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 145,315 shares of the company’s stock after purchasing an additional 32,284 shares during the period. Kestra Advisory Services LLC owned 0.24% of JPMorgan Municipal ETF worth $7,264,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of JMUB. Godsey & Gibb Inc. purchased a new position in shares of JPMorgan Municipal ETF during the fourth quarter valued at about $27,000. Brown Brothers Harriman & Co. purchased a new stake in JPMorgan Municipal ETF in the fourth quarter worth about $34,000. Franklin Resources Inc. purchased a new stake in JPMorgan Municipal ETF in the third quarter worth about $41,000. N.E.W. Advisory Services LLC bought a new stake in JPMorgan Municipal ETF during the 4th quarter valued at approximately $44,000. Finally, SHP Wealth Management bought a new stake in JPMorgan Municipal ETF during the 4th quarter valued at approximately $47,000.

JPMorgan Municipal ETF Stock Performance

JMUB stock opened at $50.34 on Wednesday. JPMorgan Municipal ETF has a fifty-two week low of $49.06 and a fifty-two week high of $51.34. The business’s 50 day moving average price is $50.35 and its two-hundred day moving average price is $50.52. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21.

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.