CENTRAL TRUST Co acquired a new position in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB – Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 815,336 shares of the company’s stock, valued at approximately $38,794,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of JMUB. Jacobi Capital Management LLC lifted its position in JPMorgan Municipal ETF by 7.4% in the third quarter. Jacobi Capital Management LLC now owns 89,867 shares of the company’s stock valued at $4,276,000 after buying an additional 6,167 shares during the last quarter. Cornerstone Wealth Management LLC increased its position in shares of JPMorgan Municipal ETF by 0.4% during the third quarter. Cornerstone Wealth Management LLC now owns 210,288 shares of the company’s stock valued at $10,006,000 after acquiring an additional 737 shares during the last quarter. Global Wealth Management Investment Advisory Inc. raised its stake in shares of JPMorgan Municipal ETF by 3.5% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 11,457 shares of the company’s stock valued at $545,000 after acquiring an additional 391 shares during the period. Edgemoor Investment Advisors Inc. purchased a new stake in shares of JPMorgan Municipal ETF in the 3rd quarter valued at approximately $870,000. Finally, Avantax Planning Partners Inc. acquired a new position in shares of JPMorgan Municipal ETF in the 3rd quarter worth approximately $39,742,000.
JPMorgan Municipal ETF Stock Performance
Shares of JMUB stock opened at $49.39 on Thursday. The firm has a market cap of $9.23 billion, a P/E ratio of 9.96 and a beta of 0.24. The firm’s 50 day moving average price is $48.43 and its 200-day moving average price is $49.86. JPMorgan Municipal ETF has a one year low of $47.20 and a one year 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.
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