Smallwood Wealth Investment Management LLC raised its holdings in JPMorgan Municipal ETF (NYSEARCA:JMUB – Free Report) by 316,606.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 50,673 shares of the company’s stock after purchasing an additional 50,657 shares during the quarter. JPMorgan Municipal ETF accounts for approximately 1.1% of Smallwood Wealth Investment Management LLC’s investment portfolio, making the stock its 22nd biggest holding. Smallwood Wealth Investment Management LLC owned 0.08% of JPMorgan Municipal ETF worth $2,379,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JMUB. Continuum Advisory LLC acquired a new position in shares of JPMorgan Municipal ETF in the 2nd quarter valued at about $34,549,000. Emergent Wealth Advisors LLC acquired a new stake in JPMorgan Municipal ETF during the second quarter worth about $694,000. Lionsbridge Wealth Management LLC purchased a new position in JPMorgan Municipal ETF during the second quarter valued at approximately $3,512,000. First Citizens Financial Corp purchased a new position in JPMorgan Municipal ETF during the second quarter valued at approximately $1,012,000. Finally, Acorn Wealth Advisors LLC acquired a new position in JPMorgan Municipal ETF in the second quarter valued at approximately $5,206,000.
JPMorgan Municipal ETF Trading Down 0.2%
Shares of NYSEARCA:JMUB opened at $49.07 on Thursday. JPMorgan Municipal ETF has a 12-month low of $49.06 and a 12-month high of $51.34. The business has a 50 day moving average of $49.99 and a two-hundred day moving average of $50.28. The company has a market capitalization of $8.32 billion, a PE ratio of 9.96 and a beta of 0.23.
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.
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