Elevation Wealth Management LLC Purchases New Position in JPMorgan Municipal ETF $JMUB

Elevation Wealth Management LLC acquired a new position in JPMorgan Municipal ETF (NYSEARCA:JMUB) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 26,371 shares of the company’s stock, valued at approximately $1,238,000. JPMorgan Municipal ETF makes up approximately 0.9% of Elevation Wealth Management LLC’s holdings, making the stock its 25th biggest position.

A number of other hedge funds have also bought and sold shares of the business. Founders Financial Securities LLC grew its position in JPMorgan Municipal ETF by 19.3% in the 1st quarter. Founders Financial Securities LLC now owns 190,822 shares of the company’s stock worth $9,612,000 after purchasing an additional 30,843 shares during the period. Wesbanco Bank Inc. bought a new position in shares of JPMorgan Municipal ETF during the 4th quarter valued at $724,000. CENTRAL TRUST Co boosted its stake in shares of JPMorgan Municipal ETF by 8.2% in the 1st quarter. CENTRAL TRUST Co now owns 775,337 shares of the company’s stock worth $38,759,000 after buying an additional 58,732 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of JPMorgan Municipal ETF by 7.1% in the 4th quarter. Larson Financial Group LLC now owns 435,288 shares of the company’s stock worth $21,982,000 after buying an additional 28,878 shares during the last quarter. Finally, Bailard Inc. grew its holdings in shares of JPMorgan Municipal ETF by 4.2% in the fourth quarter. Bailard Inc. now owns 794,545 shares of the company’s stock worth $40,125,000 after acquiring an additional 31,886 shares during the period.

JPMorgan Municipal ETF Stock Performance

JPMorgan Municipal ETF stock opened at $48.98 on Friday. The stock has a market cap of $8.30 billion, a PE ratio of 9.96 and a beta of 0.23. JPMorgan Municipal ETF has a one year low of $48.94 and a one year high of $51.34. The stock has a fifty day moving average of $49.93 and a 200 day moving average of $50.26.

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.