Lionsbridge Wealth Management LLC Takes $3.51 Million Position in JPMorgan Municipal ETF $JMUB

Lionsbridge Wealth Management LLC purchased a new position in JPMorgan Municipal ETF (BATS:JMUB) during the second quarter, HoldingsChannel.com reports. The fund purchased 74,826 shares of the company’s stock, valued at approximately $3,512,000. JPMorgan Municipal ETF accounts for approximately 3.0% of Lionsbridge Wealth Management LLC’s investment portfolio, making the stock its 7th biggest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wellington Grp LLC increased its position in JPMorgan Municipal ETF by 572.0% during the 1st quarter. Wellington Grp LLC now owns 625 shares of the company’s stock valued at $31,000 after buying an additional 532 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in JPMorgan Municipal ETF in the fourth quarter worth $34,000. Franklin Resources Inc. bought a new stake in JPMorgan Municipal ETF in the third quarter worth $41,000. SHP Wealth Management bought a new stake in JPMorgan Municipal ETF in the fourth quarter worth $47,000. Finally, Lavaca Capital LLC purchased a new stake in shares of JPMorgan Municipal ETF in the fourth quarter worth $48,000.

JPMorgan Municipal ETF Price Performance

Shares of BATS:JMUB opened at $49.16 on Wednesday. JPMorgan Municipal ETF has a 1-year low of $49.07 and a 1-year high of $51.34. The business has a fifty day moving average price of $50.02 and a 200-day moving average price of $50.29. The company has a market capitalization of $3.02 billion, a PE ratio of 9.96 and a beta of 0.21.

JPMorgan Municipal ETF Company 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.