Kestra Advisory Services LLC Buys 32,284 Shares of JPMorgan Municipal ETF $JMUB

Kestra Advisory Services LLC grew its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 28.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 145,315 shares of the company’s stock after acquiring an additional 32,284 shares during the quarter. Kestra Advisory Services LLC’s holdings in JPMorgan Municipal ETF were worth $7,264,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in JPMorgan Municipal ETF by 1,656.4% in the 4th 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 in the last quarter. LPL Financial LLC grew its position in JPMorgan Municipal ETF by 44.5% during the 4th quarter. LPL Financial LLC now owns 5,531,924 shares of the company’s stock valued at $279,362,000 after purchasing an additional 1,702,513 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in JPMorgan Municipal ETF by 29.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,159,706 shares of the company’s stock valued at $210,065,000 after purchasing an additional 950,852 shares in the last quarter. Meeder Advisory Services Inc. increased its stake in JPMorgan Municipal ETF by 9.4% during the 4th quarter. Meeder Advisory Services Inc. now owns 3,217,485 shares of the company’s stock valued at $162,483,000 after purchasing an additional 277,270 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in JPMorgan Municipal ETF by 18.1% in the fourth quarter. Cetera Investment Advisers now owns 2,873,662 shares of the company’s stock worth $145,120,000 after buying an additional 439,697 shares during the last quarter.

JPMorgan Municipal ETF Stock Performance

Shares of BATS JMUB opened at $50.34 on Wednesday. The firm’s 50 day moving average price is $50.35 and its 200-day moving average price is $50.52. The company has a market cap of $3.09 billion, a PE ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 52-week low of $49.06 and a 52-week 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.