Philip James Wealth Mangement LLC Has $2.15 Million Stock Position in JPMorgan Municipal ETF $JMUB

Philip James Wealth Mangement LLC grew its position in JPMorgan Municipal ETF (BATS:JMUB) by 1.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 43,210 shares of the company’s stock after purchasing an additional 706 shares during the period. Philip James Wealth Mangement LLC’s holdings in JPMorgan Municipal ETF were worth $2,145,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. LPL Financial LLC boosted its holdings in shares of JPMorgan Municipal ETF by 7.1% in the first quarter. LPL Financial LLC now owns 2,847,971 shares of the company’s stock worth $142,399,000 after buying an additional 188,645 shares during the period. Meeder Advisory Services Inc. acquired a new position in shares of JPMorgan Municipal ETF in the first quarter worth about $126,587,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of JPMorgan Municipal ETF by 9.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,199,520 shares of the company’s stock worth $109,976,000 after buying an additional 190,891 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of JPMorgan Municipal ETF by 42.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,899,154 shares of the company’s stock worth $94,037,000 after buying an additional 569,892 shares during the period. Finally, Raymond James Financial Inc. boosted its holdings in shares of JPMorgan Municipal ETF by 20.5% in the first quarter. Raymond James Financial Inc. now owns 1,519,479 shares of the company’s stock worth $75,974,000 after buying an additional 258,686 shares during the period.

JPMorgan Municipal ETF Stock Performance

JMUB stock opened at $50.34 on Thursday. The stock has a market cap of $3.09 billion, a P/E ratio of 9.96 and a beta of 0.21. The firm has a 50 day simple moving average of $49.79 and a 200 day simple moving average of $49.57. JPMorgan Municipal ETF has a 52 week low of $47.95 and a 52 week high of $51.31.

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.