Seascape Capital Management Buys 14,500 Shares of JPMorgan Municipal ETF $JMUB

Seascape Capital Management boosted its stake in JPMorgan Municipal ETF (BATS:JMUB) by 90.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,500 shares of the company’s stock after purchasing an additional 14,500 shares during the quarter. Seascape Capital Management’s holdings in JPMorgan Municipal ETF were worth $1,525,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Godsey & Gibb Inc. purchased a new position in shares of JPMorgan Municipal ETF during the fourth quarter valued at about $27,000. Brown Brothers Harriman & Co. purchased a new stake in shares of JPMorgan Municipal ETF in the fourth quarter worth about $34,000. Goodman Advisory Group LLC purchased a new stake in shares of JPMorgan Municipal ETF in the third quarter worth about $37,000. Franklin Resources Inc. purchased a new stake in shares of JPMorgan Municipal ETF in the third quarter worth about $41,000. Finally, N.E.W. Advisory Services LLC bought a new position in JPMorgan Municipal ETF during the fourth quarter valued at approximately $44,000.

JPMorgan Municipal ETF Price Performance

BATS JMUB opened at $50.55 on Monday. The stock has a market capitalization of $3.10 billion, a PE ratio of 9.96 and a beta of 0.21. The business has a 50 day simple moving average of $50.36 and a two-hundred day simple moving average of $50.53. JPMorgan Municipal ETF has a 1-year low of $49.06 and a 1-year high of $51.34.

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.