Lavelle Capital LP Takes Position in JPMorgan Municipal ETF $JMUB

Lavelle Capital LP bought a new stake in shares of JPMorgan Municipal ETF (BATS:JMUB) during the 1st quarter, HoldingsChannel.com reports. The fund bought 40,339 shares of the company’s stock, valued at approximately $2,017,000. JPMorgan Municipal ETF accounts for about 1.3% of Lavelle Capital LP’s holdings, making the stock its 14th biggest position.

A number of other large investors also recently added to or reduced their stakes in the business. Godsey & Gibb Inc. bought a new stake in JPMorgan Municipal ETF in the fourth quarter worth $27,000. Wellington Grp LLC grew its stake in shares of JPMorgan Municipal ETF by 572.0% during the first quarter. Wellington Grp LLC now owns 625 shares of the company’s stock valued at $31,000 after buying an additional 532 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of JPMorgan Municipal ETF in the fourth quarter worth about $34,000. Franklin Resources Inc. purchased a new position in shares of JPMorgan Municipal ETF in the third quarter worth about $41,000. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of JPMorgan Municipal ETF in the fourth quarter worth about $44,000.

JPMorgan Municipal ETF Price Performance

Shares of JMUB stock opened at $49.74 on Friday. The stock has a market capitalization of $3.05 billion, a PE ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 1-year low of $49.28 and a 1-year high of $51.34. The business has a 50-day moving average of $50.30 and a 200 day moving average of $50.46.

JPMorgan Municipal ETF 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.