Smallwood Wealth Investment Management LLC Grows Stock Position in JPMorgan Municipal ETF $JMUB

Smallwood Wealth Investment Management LLC lifted its position in JPMorgan Municipal ETF (NYSEARCA:JMUB) by 316,606.2% during the second quarter, HoldingsChannel.com reports. The fund owned 50,673 shares of the company’s stock after acquiring an additional 50,657 shares during the period. JPMorgan Municipal ETF makes up 1.1% of Smallwood Wealth Investment Management LLC’s portfolio, making the stock its 22nd largest position. Smallwood Wealth Investment Management LLC’s holdings in JPMorgan Municipal ETF were worth $2,379,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in JPMorgan Municipal ETF by 1,656.4% in the 4th quarter. JPMorgan Chase & Co. now owns 13,592,101 shares of the company’s stock valued at $686,401,000 after purchasing an additional 12,818,224 shares in the last quarter. LPL Financial LLC grew its holdings in shares of JPMorgan Municipal ETF by 44.5% during the fourth quarter. LPL Financial LLC now owns 5,531,924 shares of the company’s stock worth $279,362,000 after buying an additional 1,702,513 shares in the last quarter. Meeder Advisory Services Inc. raised its position in shares of JPMorgan Municipal ETF by 32.5% in the first quarter. Meeder Advisory Services Inc. now owns 4,262,379 shares of the company’s stock valued at $213,076,000 after buying an additional 1,044,894 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of JPMorgan Municipal ETF by 29.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,159,706 shares of the company’s stock valued at $210,065,000 after buying an additional 950,852 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of JPMorgan Municipal ETF by 26.5% in the first quarter. Cetera Investment Advisers now owns 3,635,444 shares of the company’s stock worth $181,736,000 after buying an additional 761,782 shares in the last quarter.

JPMorgan Municipal ETF Trading Down 0.2%

NYSEARCA:JMUB opened at $49.07 on Thursday. The company has a market cap of $8.32 billion, a P/E ratio of 9.96 and a beta of 0.23. JPMorgan Municipal ETF has a twelve month low of $49.06 and a twelve month high of $51.34. The company’s 50-day moving average price is $49.99 and its 200-day moving average price is $50.28.

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.