Obermeyer Wealth Partners bought a new position in JPMorgan Municipal ETF (NYSEARCA:JMUB – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 97,215 shares of the company’s stock, valued at approximately $4,625,000. Obermeyer Wealth Partners owned approximately 0.05% of JPMorgan Municipal ETF at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hartford Financial Management Inc. bought a new stake in shares of JPMorgan Municipal ETF during the 3rd quarter valued at $11,468,000. Axxcess Wealth Management LLC lifted its stake in shares of JPMorgan Municipal ETF by 13.2% during the 3rd quarter. Axxcess Wealth Management LLC now owns 157,651 shares of the company’s stock valued at $7,501,000 after buying an additional 18,330 shares in the last quarter. Benchmark Financial Wealth Advisors LLC bought a new position in JPMorgan Municipal ETF in the 3rd quarter worth $4,451,000. Prime Capital Investment Advisors LLC boosted its holdings in JPMorgan Municipal ETF by 12.2% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 127,213 shares of the company’s stock worth $6,053,000 after buying an additional 13,809 shares during the period. Finally, Commonwealth Financial Services LLC bought a new position in JPMorgan Municipal ETF in the 3rd quarter worth $347,000.
JPMorgan Municipal ETF Stock Performance
Shares of JMUB stock opened at $48.25 on Thursday. JPMorgan Municipal ETF has a 52-week low of $47.20 and a 52-week high of $51.34. The firm has a market capitalization of $8.73 billion, a PE ratio of 9.96 and a beta of 0.24. The stock has a fifty day simple moving average of $48.60 and a two-hundred day simple moving average of $49.67.
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.
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