Baird Financial Group Inc. Purchases 469,865 Shares of JPMorgan Municipal ETF $JMUB

Baird Financial Group Inc. raised its position in JPMorgan Municipal ETF (NYSEARCA:JMUB) by 1,615.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 498,947 shares of the company’s stock after purchasing an additional 469,865 shares during the period. Baird Financial Group Inc.’s holdings in JPMorgan Municipal ETF were worth $23,523,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Mason & Associates Inc lifted its stake in JPMorgan Municipal ETF by 2.3% in the first quarter. Mason & Associates Inc now owns 9,364 shares of the company’s stock valued at $468,000 after buying an additional 215 shares during the period. Pennsylvania Capital Management Inc. ADV grew its position in shares of JPMorgan Municipal ETF by 4.9% during the 1st quarter. Pennsylvania Capital Management Inc. ADV now owns 4,919 shares of the company’s stock worth $246,000 after buying an additional 230 shares during the period. Balefire LLC grew its position in shares of JPMorgan Municipal ETF by 4.3% during the 2nd quarter. Balefire LLC now owns 5,870 shares of the company’s stock worth $297,000 after buying an additional 242 shares during the period. J. R. Prunier Capital Management LLC grew its position in shares of JPMorgan Municipal ETF by 2.5% during the 1st quarter. J. R. Prunier Capital Management LLC now owns 10,470 shares of the company’s stock worth $523,000 after buying an additional 252 shares during the period. Finally, Calton & Associates Inc. boosted its position in shares of JPMorgan Municipal ETF by 3.3% during the 4th quarter. Calton & Associates Inc. now owns 8,540 shares of the company’s stock worth $431,000 after purchasing an additional 270 shares in the last quarter.

JPMorgan Municipal ETF Stock Performance

Shares of NYSEARCA:JMUB opened at $48.69 on Friday. JPMorgan Municipal ETF has a 52-week low of $48.41 and a 52-week high of $51.34. The business’s 50 day simple moving average is $49.75 and its two-hundred day simple moving average is $50.18. The firm has a market cap of $8.26 billion, a P/E ratio of 9.96 and a beta of 0.23.

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.