JPMorgan Municipal ETF $JMUB Shares Purchased by Wealth Alliance LLC

Wealth Alliance LLC raised its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 117.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 27,226 shares of the company’s stock after purchasing an additional 14,732 shares during the quarter. Wealth Alliance LLC’s holdings in JPMorgan Municipal ETF were worth $1,361,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Royal Bank of Canada increased its holdings 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 valued at $5,010,000 after purchasing an additional 10,823 shares during the last quarter. AQR Capital Management LLC boosted its stake in JPMorgan Municipal ETF by 37.4% during the first 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 last quarter. Cerity Partners LLC acquired a new position in JPMorgan Municipal ETF during the second quarter worth $1,950,000. Peapack Gladstone Financial Corp boosted its stake 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 worth $3,926,000 after buying an additional 60,157 shares during the last quarter. Finally, Diversify Advisory Services LLC purchased a new stake in JPMorgan Municipal ETF in the 2nd quarter valued at $2,233,000.

JPMorgan Municipal ETF Stock Up 0.2%

Shares of JMUB opened at $49.73 on Friday. JPMorgan Municipal ETF has a 52-week low of $49.17 and a 52-week high of $51.34. The stock has a fifty day simple moving average of $50.31 and a two-hundred day simple moving average of $50.49. The company has a market capitalization of $3.05 billion, a PE ratio of 9.96 and a beta of 0.21.

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.