Elevation Wealth Management LLC Invests $1.24 Million in JPMorgan Municipal ETF $JMUB

Elevation Wealth Management LLC bought a new position in JPMorgan Municipal ETF (NYSEARCA:JMUB) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 26,371 shares of the company’s stock, valued at approximately $1,238,000. JPMorgan Municipal ETF accounts for about 0.9% of Elevation Wealth Management LLC’s investment portfolio, making the stock its 25th biggest holding.

Several other hedge funds have also bought and sold shares of JMUB. Royal Bank of Canada increased its stake 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 worth $5,010,000 after purchasing an additional 10,823 shares in the last quarter. AQR Capital Management LLC boosted its holdings in JPMorgan Municipal ETF by 37.4% in the 1st quarter. AQR Capital Management LLC now owns 10,756 shares of the company’s stock worth $538,000 after buying an additional 2,927 shares during the period. Cerity Partners LLC purchased a new stake in JPMorgan Municipal ETF in the 2nd quarter worth $1,950,000. Peapack Gladstone Financial Corp raised its holdings in JPMorgan Municipal ETF by 317.8% during the second quarter. Peapack Gladstone Financial Corp now owns 79,084 shares of the company’s stock valued at $3,926,000 after acquiring an additional 60,157 shares during the period. Finally, Diversify Advisory Services LLC bought a new stake in JPMorgan Municipal ETF during the second quarter valued at about $2,233,000.

JPMorgan Municipal ETF Stock Up 0.1%

Shares of JPMorgan Municipal ETF stock opened at $48.98 on Friday. The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of 9.96 and a beta of 0.23. The stock’s 50-day simple moving average is $49.93 and its 200-day simple moving average is $50.26. JPMorgan Municipal ETF has a 52 week low of $48.94 and a 52 week 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.