United Advisor Group LLC Has $1.63 Million Position in JPMorgan Municipal ETF (BATS:JMUB)

United Advisor Group LLC lifted its position in JPMorgan Municipal ETF (BATS:JMUB) by 2.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,557 shares of the company’s stock after buying an additional 678 shares during the quarter. United Advisor Group LLC owned about 0.06% of JPMorgan Municipal ETF worth $1,628,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Raymond James Financial Inc. bought a new stake in JPMorgan Municipal ETF during the fourth quarter valued at about $63,229,000. Bailard Inc. bought a new stake in JPMorgan Municipal ETF during the 4th quarter valued at approximately $36,907,000. TIAA Trust National Association acquired a new stake in JPMorgan Municipal ETF in the 4th quarter valued at approximately $34,248,000. HighTower Advisors LLC increased its position in JPMorgan Municipal ETF by 147.4% in the 4th quarter. HighTower Advisors LLC now owns 999,722 shares of the company’s stock worth $50,136,000 after buying an additional 595,710 shares during the period. Finally, Wealthfront Advisers LLC acquired a new position in shares of JPMorgan Municipal ETF during the fourth quarter worth approximately $29,718,000.

JPMorgan Municipal ETF Trading Down 0.7%

Shares of JPMorgan Municipal ETF stock opened at $49.47 on Thursday. JPMorgan Municipal ETF has a 1 year low of $47.95 and a 1 year high of $51.31. The company’s fifty day simple moving average is $49.32 and its 200-day simple moving average is $49.93. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21.

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.