Tenzing Financial LLC Makes New $869,000 Investment in JPMorgan Municipal ETF $JMUB

Tenzing Financial LLC purchased a new position in shares of JPMorgan Municipal ETF (BATS:JMUB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,210 shares of the company’s stock, valued at approximately $869,000.

Several other large investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake 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 acquiring an additional 12,818,224 shares in the last quarter. LPL Financial LLC raised its stake in shares of JPMorgan Municipal ETF by 44.5% during the fourth quarter. LPL Financial LLC now owns 5,531,924 shares of the company’s stock worth $279,362,000 after acquiring an additional 1,702,513 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of 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 acquiring an additional 950,852 shares in the last quarter. Meeder Advisory Services Inc. raised its stake in shares of JPMorgan Municipal ETF by 9.4% during the fourth quarter. Meeder Advisory Services Inc. now owns 3,217,485 shares of the company’s stock worth $162,483,000 after acquiring an additional 277,270 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of JPMorgan Municipal ETF by 7.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,717,626 shares of the company’s stock worth $137,566,000 after acquiring an additional 176,736 shares in the last quarter.

JPMorgan Municipal ETF Stock Performance

JMUB stock opened at $50.32 on Monday. The company has a market capitalization of $3.09 billion, a PE ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a one year low of $49.06 and a one year high of $51.34. The company’s 50 day moving average price is $50.31 and its two-hundred day moving average price is $50.54.

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.