Avidian Wealth Enterprises LLC Purchases 481,080 Shares of JPMorgan Municipal ETF $JMUB

Avidian Wealth Enterprises LLC acquired a new stake in JPMorgan Municipal ETF (NYSEARCA:JMUB) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 481,080 shares of the company’s stock, valued at approximately $22,890,000. JPMorgan Municipal ETF makes up 0.6% of Avidian Wealth Enterprises LLC’s holdings, making the stock its 28th biggest holding.

Other hedge funds have also recently bought and sold shares of the company. Mason & Associates Inc lifted its position in shares of JPMorgan Municipal ETF by 2.3% in the first quarter. Mason & Associates Inc now owns 9,364 shares of the company’s stock valued at $468,000 after acquiring an additional 215 shares in the last quarter. Pennsylvania Capital Management Inc. ADV raised its stake in JPMorgan Municipal ETF by 4.9% in the 1st quarter. Pennsylvania Capital Management Inc. ADV now owns 4,919 shares of the company’s stock valued at $246,000 after purchasing an additional 230 shares during the last quarter. Balefire LLC lifted its holdings in JPMorgan Municipal ETF by 4.3% in the 2nd quarter. Balefire LLC now owns 5,870 shares of the company’s stock valued at $297,000 after purchasing an additional 242 shares in the last quarter. J. R. Prunier Capital Management LLC lifted its holdings in JPMorgan Municipal ETF by 2.5% in the 1st quarter. J. R. Prunier Capital Management LLC now owns 10,470 shares of the company’s stock valued at $523,000 after purchasing an additional 252 shares in the last quarter. Finally, Milestone Investment Advisors LLC boosted its stake in shares of JPMorgan Municipal ETF by 2.8% during the 1st quarter. Milestone Investment Advisors LLC now owns 10,898 shares of the company’s stock worth $545,000 after purchasing an additional 295 shares during the last quarter.

JPMorgan Municipal ETF Stock Down 0.1%

Shares of NYSEARCA:JMUB traded down $0.03 during trading on Thursday, reaching $47.31. The stock had a trading volume of 1,951,624 shares, compared to its average volume of 1,260,630. The stock has a market cap of $8.29 billion, a P/E ratio of 9.96 and a beta of 0.24. The business has a fifty day moving average price of $48.97 and a 200-day moving average price of $49.82. JPMorgan Municipal ETF has a fifty-two week low of $47.20 and a fifty-two week high of $51.34.

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.