Bridgewater Advisors Inc. Grows Stock Position in JPMorgan Municipal ETF $JMUB

Bridgewater Advisors Inc. increased its stake in JPMorgan Municipal ETF (BATS:JMUB) by 27.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 580,164 shares of the company’s stock after buying an additional 124,986 shares during the quarter. JPMorgan Municipal ETF comprises approximately 1.8% of Bridgewater Advisors Inc.’s holdings, making the stock its 14th largest holding. Bridgewater Advisors Inc. owned approximately 0.95% of JPMorgan Municipal ETF worth $29,136,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of JPMorgan Municipal ETF by 1,656.4% in the fourth quarter. JPMorgan Chase & Co. now owns 13,592,101 shares of the company’s stock valued at $686,401,000 after acquiring an additional 12,818,224 shares during the period. LPL Financial LLC boosted its stake in shares of JPMorgan Municipal ETF by 44.5% during the 4th quarter. LPL Financial LLC now owns 5,531,924 shares of the company’s stock worth $279,362,000 after purchasing an additional 1,702,513 shares during the period. Meeder Advisory Services Inc. raised its position in JPMorgan Municipal ETF by 32.5% in the 1st quarter. Meeder Advisory Services Inc. now owns 4,262,379 shares of the company’s stock worth $213,076,000 after purchasing an additional 1,044,894 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in JPMorgan Municipal ETF by 29.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,159,706 shares of the company’s stock worth $210,065,000 after purchasing an additional 950,852 shares during the period. Finally, Cetera Investment Advisers lifted its stake in 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 purchasing an additional 761,782 shares during the last quarter.

JPMorgan Municipal ETF Price Performance

Shares of BATS JMUB opened at $49.73 on Friday. JPMorgan Municipal ETF has a 1 year low of $49.17 and a 1 year high of $51.34. The firm has a 50-day simple moving average of $50.31 and a two-hundred day simple moving average of $50.49. The company has a market cap of $3.05 billion, a P/E ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF 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.