JPMorgan Municipal ETF $JMUB Shares Newly Acquired by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC purchased a new stake in JPMorgan Municipal ETF (NYSEARCA:JMUB) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 481,080 shares of the company’s stock, valued at approximately $22,890,000. JPMorgan Municipal ETF makes up 0.6% of Avidian Wealth Enterprises LLC’s investment portfolio, making the stock its 28th largest holding. Avidian Wealth Enterprises LLC owned approximately 0.27% of JPMorgan Municipal ETF as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. HB Wealth Management LLC purchased a new position in shares of JPMorgan Municipal ETF during the 2nd quarter worth $730,906,000. JPMorgan Chase & Co. raised its stake in JPMorgan Municipal ETF by 1,656.4% during the fourth quarter. JPMorgan Chase & Co. now owns 13,592,101 shares of the company’s stock worth $686,401,000 after purchasing an additional 12,818,224 shares during the period. Summit Financial Strategies Inc. raised its stake in JPMorgan Municipal ETF by 1,780.4% during the second quarter. Summit Financial Strategies Inc. now owns 2,961,426 shares of the company’s stock worth $139,607,000 after purchasing an additional 2,803,937 shares during the period. Capital Analysts LLC boosted its holdings in JPMorgan Municipal ETF by 856.3% in the 2nd quarter. Capital Analysts LLC now owns 1,909,389 shares of the company’s stock valued at $90,546,000 after purchasing an additional 1,709,720 shares during the last quarter. Finally, LPL Financial LLC grew its stake in shares of JPMorgan Municipal ETF by 44.5% in the 4th quarter. LPL Financial LLC now owns 5,531,924 shares of the company’s stock valued at $279,362,000 after buying an additional 1,702,513 shares during the period.

JPMorgan Municipal ETF Stock Performance

Shares of NYSEARCA JMUB traded down $0.03 during midday trading on Thursday, reaching $47.31. 1,951,624 shares of the stock were exchanged, compared to its average volume of 1,260,630. The stock has a market capitalization of $8.29 billion, a P/E ratio of 9.96 and a beta of 0.24. The company has a 50 day simple moving average of $48.97 and a 200 day simple moving average of $49.82. JPMorgan Municipal ETF has a twelve month low of $47.20 and a twelve month 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.