Blue Edge Capital LLC Invests $3.05 Million in JPMorgan Municipal ETF $JMUB

Blue Edge Capital LLC acquired a new stake in JPMorgan Municipal ETF (NYSEARCA:JMUB) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 60,269 shares of the company’s stock, valued at approximately $3,053,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Founders Financial Securities LLC grew its stake in JPMorgan Municipal ETF by 19.3% in the first quarter. Founders Financial Securities LLC now owns 190,822 shares of the company’s stock valued at $9,612,000 after purchasing an additional 30,843 shares in the last quarter. CENTRAL TRUST Co raised its stake in shares of JPMorgan Municipal ETF by 8.2% during the 1st quarter. CENTRAL TRUST Co now owns 775,337 shares of the company’s stock worth $38,759,000 after purchasing an additional 58,732 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of JPMorgan Municipal ETF by 7.1% in the 4th quarter. Larson Financial Group LLC now owns 435,288 shares of the company’s stock valued at $21,982,000 after buying an additional 28,878 shares during the last quarter. Cauble & Harre Wealth Management Inc. acquired a new stake in shares of JPMorgan Municipal ETF in the 4th quarter valued at approximately $1,206,000. Finally, Peapack Gladstone Financial Corp grew its stake in shares of JPMorgan Municipal ETF by 31.6% in the fourth quarter. Peapack Gladstone Financial Corp now owns 143,226 shares of the company’s stock valued at $7,232,000 after buying an additional 34,391 shares in the last quarter.

JPMorgan Municipal ETF Trading Down 0.5%

Shares of JMUB opened at $48.79 on Thursday. The company has a market cap of $8.27 billion, a price-to-earnings ratio of 9.96 and a beta of 0.23. JPMorgan Municipal ETF has a 1-year low of $48.78 and a 1-year high of $51.34. The company’s fifty day simple moving average is $49.82 and its 200 day simple moving average is $50.21.

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.