Emergent Wealth Advisors LLC Acquires Shares of 14,790 JPMorgan Municipal ETF $JMUB

Emergent Wealth Advisors LLC bought a new position in JPMorgan Municipal ETF (BATS:JMUB) in the second quarter, Holdings Channel reports. The firm bought 14,790 shares of the company’s stock, valued at approximately $694,000.

Several other hedge funds have also recently made changes to their positions in JMUB. Wellington Grp LLC lifted its position in shares of JPMorgan Municipal ETF by 572.0% during the 1st quarter. Wellington Grp LLC now owns 625 shares of the company’s stock valued at $31,000 after buying an additional 532 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in JPMorgan Municipal ETF in the 4th quarter worth about $34,000. Franklin Resources Inc. purchased a new stake in JPMorgan Municipal ETF in the 3rd quarter worth about $41,000. SHP Wealth Management bought a new stake in JPMorgan Municipal ETF in the 4th quarter valued at about $47,000. Finally, Lavaca Capital LLC bought a new stake in JPMorgan Municipal ETF in the 4th quarter valued at about $48,000.

JPMorgan Municipal ETF Stock Down 0.7%

BATS JMUB opened at $49.16 on Wednesday. The company has a market cap of $3.02 billion, a PE ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 52 week low of $49.07 and a 52 week high of $51.34. The firm’s 50-day simple moving average is $50.02 and its two-hundred day simple moving average is $50.29.

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.