Emergent Wealth Advisors LLC Makes New Investment in JPMorgan Municipal ETF $JMUB

Emergent Wealth Advisors LLC bought a new stake in shares of JPMorgan Municipal ETF (BATS:JMUB) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,790 shares of the company’s stock, valued at approximately $694,000.

Several other large investors have also recently made changes to their positions in JMUB. JPMorgan Chase & Co. raised its stake in shares of JPMorgan Municipal ETF by 1,656.4% during the 4th quarter. JPMorgan Chase & Co. now owns 13,592,101 shares of the company’s stock worth $686,401,000 after purchasing an additional 12,818,224 shares during the period. LPL Financial LLC grew its position in JPMorgan Municipal ETF by 44.5% during the fourth quarter. LPL Financial LLC now owns 5,531,924 shares of the company’s stock valued at $279,362,000 after buying an additional 1,702,513 shares during the period. Meeder Advisory Services Inc. grew its position in JPMorgan Municipal ETF by 32.5% during the first quarter. Meeder Advisory Services Inc. now owns 4,262,379 shares of the company’s stock valued at $213,076,000 after buying an additional 1,044,894 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in JPMorgan Municipal ETF by 29.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,159,706 shares of the company’s stock worth $210,065,000 after buying an additional 950,852 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in JPMorgan Municipal ETF by 26.5% during the first quarter. Cetera Investment Advisers now owns 3,635,444 shares of the company’s stock worth $181,736,000 after buying an additional 761,782 shares during the last quarter.

JPMorgan Municipal ETF Stock Performance

Shares of JMUB stock opened at $49.16 on Wednesday. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 52 week low of $49.07 and a 52 week high of $51.34. The firm’s 50-day simple moving average is $50.02 and its two-hundred day simple moving average is $50.29.

JPMorgan Municipal ETF Company 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.