Moss Adams Wealth Advisors LLC Purchases Shares of 28,909 JPMorgan Municipal ETF $JMUB

Moss Adams Wealth Advisors LLC purchased a new stake in JPMorgan Municipal ETF (BATS:JMUB) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 28,909 shares of the company’s stock, valued at approximately $1,464,000.

Other hedge funds also recently modified their holdings of the company. Goodman Advisory Group LLC acquired a new stake in shares of JPMorgan Municipal ETF during the 3rd quarter worth about $37,000. Franklin Resources Inc. acquired a new stake in shares of JPMorgan Municipal ETF during the 3rd quarter worth about $41,000. Archer Investment Corp acquired a new stake in shares of JPMorgan Municipal ETF during the 3rd quarter worth about $58,000. Blue Trust Inc. acquired a new stake in shares of JPMorgan Municipal ETF during the 4th quarter worth about $60,000. Finally, Fifth Third Bancorp acquired a new stake in shares of JPMorgan Municipal ETF during the 3rd quarter worth about $61,000.

JPMorgan Municipal ETF Stock Performance

BATS:JMUB opened at $50.53 on Friday. JPMorgan Municipal ETF has a 52 week low of $48.80 and a 52 week high of $51.34. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The firm’s 50-day simple moving average is $50.57 and its 200 day simple moving average is $50.61.

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.