Tarbox Family Office Inc. Takes Position in JPMorgan Municipal ETF $JMUB

Tarbox Family Office Inc. bought a new stake in JPMorgan Municipal ETF (NYSEARCA:JMUB) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 622,035 shares of the company’s stock, valued at approximately $29,198,000. JPMorgan Municipal ETF makes up 4.2% of Tarbox Family Office Inc.’s holdings, making the stock its 5th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Grp LLC raised its position in JPMorgan Municipal ETF by 572.0% during the first quarter. Wellington Grp LLC now owns 625 shares of the company’s stock worth $31,000 after acquiring an additional 532 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of JPMorgan Municipal ETF in the 4th quarter valued at about $34,000. Franklin Resources Inc. bought a new position in shares of JPMorgan Municipal ETF in the 3rd quarter valued at about $41,000. SHP Wealth Management acquired a new position in shares of JPMorgan Municipal ETF during the 4th quarter worth about $47,000. Finally, Lavaca Capital LLC acquired a new position in shares of JPMorgan Municipal ETF during the 4th quarter worth about $48,000.

JPMorgan Municipal ETF Stock Performance

Shares of JMUB stock opened at $48.79 on Thursday. The firm’s 50-day moving average is $49.82 and its 200-day moving average is $50.21. The stock has a market cap of $8.27 billion, a price-to-earnings ratio of 9.96 and a beta of 0.23. JPMorgan Municipal ETF has a 52-week low of $48.78 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.