Concurrent Investment Advisors LLC Increases Stock Holdings in JPMorgan Municipal ETF $JMUB

Concurrent Investment Advisors LLC raised its position in JPMorgan Municipal ETF (NYSEARCA:JMUB) by 568.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 187,869 shares of the company’s stock after acquiring an additional 159,778 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in JPMorgan Municipal ETF were worth $8,922,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of JMUB. JPMorgan Chase & Co. lifted its position in shares of JPMorgan Municipal ETF by 1,656.4% during the fourth 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 in the last quarter. LPL Financial LLC boosted its stake in shares of JPMorgan Municipal ETF by 44.5% in the fourth quarter. LPL Financial LLC now owns 5,531,924 shares of the company’s stock valued at $279,362,000 after purchasing an additional 1,702,513 shares during the period. Meeder Advisory Services Inc. grew its holdings in shares of JPMorgan Municipal ETF by 32.5% in the first quarter. Meeder Advisory Services Inc. now owns 4,262,379 shares of the company’s stock valued at $213,076,000 after purchasing an additional 1,044,894 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of JPMorgan Municipal ETF by 29.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,159,706 shares of the company’s stock valued at $210,065,000 after purchasing an additional 950,852 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in JPMorgan Municipal ETF by 26.5% during the 1st 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 period.

JPMorgan Municipal ETF Stock Up 0.1%

Shares of JMUB opened at $48.98 on Friday. The company has a market cap of $8.30 billion, a P/E ratio of 9.96 and a beta of 0.23. JPMorgan Municipal ETF has a fifty-two week low of $48.94 and a fifty-two week high of $51.34. The firm’s 50 day moving average price is $49.93 and its 200 day moving average price is $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.