Immaculate Wealth Management LLC Acquires Shares of 23,003 JPMorgan Municipal ETF $JMUB

Immaculate Wealth Management LLC acquired a new stake in shares of JPMorgan Municipal ETF (BATS:JMUB) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 23,003 shares of the company’s stock, valued at approximately $1,150,000. JPMorgan Municipal ETF accounts for about 9.1% of Immaculate Wealth Management LLC’s investment portfolio, making the stock its 4th largest position.

A number of other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. boosted 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 purchasing an additional 12,818,224 shares during the period. LPL Financial LLC increased its stake in 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 buying an additional 1,702,513 shares during the period. Meeder Advisory Services Inc. lifted its holdings 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 buying an additional 1,044,894 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings 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 buying an additional 950,852 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in JPMorgan Municipal ETF by 26.5% in the 1st quarter. Cetera Investment Advisers now owns 3,635,444 shares of the company’s stock valued at $181,736,000 after buying an additional 761,782 shares during the last quarter.

JPMorgan Municipal ETF Price Performance

BATS:JMUB opened at $49.74 on Friday. The firm has a 50-day moving average of $50.30 and a two-hundred day moving average of $50.46. The stock has a market cap of $3.05 billion, a P/E ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 1-year low of $49.28 and a 1-year high of $51.34.

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.