Chesley Taft & Associates LLC Grows Holdings in JPMorgan Municipal ETF $JMUB

Chesley Taft & Associates LLC raised its position in JPMorgan Municipal ETF (BATS:JMUB) by 11.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 312,202 shares of the company’s stock after buying an additional 31,500 shares during the period. Chesley Taft & Associates LLC owned about 0.51% of JPMorgan Municipal ETF worth $15,815,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of JMUB. Godsey & Gibb Inc. purchased a new position in shares of JPMorgan Municipal ETF in the 4th quarter valued at about $27,000. Wellington Grp LLC raised its holdings in JPMorgan Municipal ETF by 572.0% in the 1st quarter. Wellington Grp LLC now owns 625 shares of the company’s stock worth $31,000 after purchasing an additional 532 shares during the period. Brown Brothers Harriman & Co. purchased a new position in JPMorgan Municipal ETF during the fourth quarter worth approximately $34,000. Franklin Resources Inc. purchased a new position in JPMorgan Municipal ETF during the third quarter worth approximately $41,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in JPMorgan Municipal ETF in the fourth quarter valued at approximately $44,000.

JPMorgan Municipal ETF Trading Up 0.3%

Shares of JMUB opened at $49.93 on Friday. The firm has a market cap of $3.06 billion, a P/E ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 12 month low of $49.33 and a 12 month high of $51.34. The stock’s 50 day moving average is $50.26 and its two-hundred day moving average is $50.43.

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.