Tarbox Family Office Inc. Buys New Position in JPMorgan Municipal ETF $JMUB

Tarbox Family Office Inc. bought a new stake in JPMorgan Municipal ETF (NYSEARCA:JMUB) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 622,035 shares of the company’s stock, valued at approximately $29,198,000. JPMorgan Municipal ETF makes up 4.2% of Tarbox Family Office Inc.’s portfolio, making the stock its 5th largest holding. Tarbox Family Office Inc. owned about 0.37% of JPMorgan Municipal ETF as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of JMUB. Royal Bank of Canada raised its holdings in shares of JPMorgan Municipal ETF by 12.1% in the first quarter. Royal Bank of Canada now owns 100,198 shares of the company’s stock valued at $5,010,000 after purchasing an additional 10,823 shares during the last quarter. AQR Capital Management LLC grew its position in JPMorgan Municipal ETF by 37.4% in the first quarter. AQR Capital Management LLC now owns 10,756 shares of the company’s stock valued at $538,000 after purchasing an additional 2,927 shares in the last quarter. Cerity Partners LLC bought a new position in JPMorgan Municipal ETF in the second quarter valued at $1,950,000. Peapack Gladstone Financial Corp grew its position in JPMorgan Municipal ETF by 317.8% in the second quarter. Peapack Gladstone Financial Corp now owns 79,084 shares of the company’s stock valued at $3,926,000 after purchasing an additional 60,157 shares in the last quarter. Finally, Diversify Advisory Services LLC acquired a new stake in JPMorgan Municipal ETF in the 2nd quarter valued at $2,233,000.

JPMorgan Municipal ETF Price Performance

Shares of NYSEARCA:JMUB opened at $48.79 on Thursday. The company’s 50-day moving average price is $49.82 and its two-hundred day moving average price is $50.21. JPMorgan Municipal ETF has a one year low of $48.78 and a one year high of $51.34. The stock has a market capitalization of $8.27 billion, a PE ratio of 9.96 and a beta of 0.23.

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.