IAG Wealth Partners LLC Grows Position in JPMorgan Municipal ETF $JMUB

IAG Wealth Partners LLC raised its stake in JPMorgan Municipal ETF (BATS:JMUB) by 2.6% in the first quarter, HoldingsChannel.com reports. The fund owned 413,210 shares of the company’s stock after purchasing an additional 10,488 shares during the quarter. JPMorgan Municipal ETF comprises approximately 2.3% of IAG Wealth Partners LLC’s portfolio, making the stock its 15th biggest position. IAG Wealth Partners LLC’s holdings in JPMorgan Municipal ETF were worth $20,656,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in JMUB. Silver Oak Wealth Advisors Services LLC increased its position in JPMorgan Municipal ETF by 0.8% during the 1st quarter. Silver Oak Wealth Advisors Services LLC now owns 63,487 shares of the company’s stock worth $3,174,000 after purchasing an additional 490 shares in the last quarter. Red Mountain Financial LLC boosted its stake in shares of JPMorgan Municipal ETF by 2.1% during the 1st quarter. Red Mountain Financial LLC now owns 70,711 shares of the company’s stock worth $3,535,000 after purchasing an additional 1,434 shares during the last quarter. Ascentis Independent Advisors boosted its stake in shares of JPMorgan Municipal ETF by 239.5% during the 1st quarter. Ascentis Independent Advisors now owns 45,486 shares of the company’s stock worth $2,274,000 after purchasing an additional 32,087 shares during the last quarter. Seascape Capital Management boosted its stake in shares of JPMorgan Municipal ETF by 90.6% during the 1st quarter. Seascape Capital Management now owns 30,500 shares of the company’s stock worth $1,525,000 after purchasing an additional 14,500 shares during the last quarter. Finally, Pennsylvania Capital Management Inc. ADV grew its holdings in shares of JPMorgan Municipal ETF by 4.9% during the first 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 in the last quarter.

JPMorgan Municipal ETF Price Performance

BATS:JMUB opened at $50.32 on Thursday. The firm has a 50 day simple moving average of $50.36 and a 200-day simple moving average of $50.53. The firm has a market cap of $3.09 billion, a PE ratio of 9.96 and a beta of 0.21. 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.