Clear Trail Advisors LLC Takes Position in JPMorgan Municipal ETF $JMUB

Clear Trail Advisors LLC purchased a new position in shares of JPMorgan Municipal ETF (BATS:JMUB) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 285,209 shares of the company’s stock, valued at approximately $14,258,000. JPMorgan Municipal ETF comprises about 2.4% of Clear Trail Advisors LLC’s portfolio, making the stock its 15th largest position.

A number of other large investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its position in JPMorgan Municipal ETF by 1,656.4% in 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 last quarter. LPL Financial LLC boosted its position 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 buying an additional 1,702,513 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in JPMorgan Municipal ETF by 29.6% in the 4th 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 in the last quarter. Meeder Advisory Services Inc. increased its position in JPMorgan Municipal ETF by 9.4% in the 4th quarter. Meeder Advisory Services Inc. now owns 3,217,485 shares of the company’s stock valued at $162,483,000 after acquiring an additional 277,270 shares during the period. Finally, Cetera Investment Advisers raised its stake in JPMorgan Municipal ETF by 18.1% during the 4th quarter. Cetera Investment Advisers now owns 2,873,662 shares of the company’s stock valued at $145,120,000 after acquiring an additional 439,697 shares in the last quarter.

JPMorgan Municipal ETF Price Performance

Shares of JPMorgan Municipal ETF stock opened at $50.49 on Tuesday. JPMorgan Municipal ETF has a 1-year low of $49.06 and a 1-year high of $51.34. The business’s fifty day moving average price is $50.34 and its two-hundred day moving average price is $50.53. The company has a market capitalization of $3.10 billion, a P/E ratio of 9.96 and a beta of 0.21.

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.