Waverly Advisors LLC Has $13.56 Million Stock Position in JPMorgan Municipal ETF $JMUB

Waverly Advisors LLC grew its holdings in JPMorgan Municipal ETF (NYSEARCA:JMUB) by 327.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 275,610 shares of the company’s stock after acquiring an additional 211,067 shares during the quarter. Waverly Advisors LLC owned 0.16% of JPMorgan Municipal ETF worth $13,559,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wellington Grp LLC increased 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 during the period. Brown Brothers Harriman & Co. acquired a new stake in JPMorgan Municipal ETF in the 4th quarter worth about $34,000. Franklin Resources Inc. acquired a new stake in JPMorgan Municipal ETF in the 3rd quarter worth about $41,000. SHP Wealth Management bought a new stake in JPMorgan Municipal ETF in the 4th quarter valued at about $47,000. Finally, Lavaca Capital LLC bought a new stake in JPMorgan Municipal ETF in the 4th quarter valued at about $48,000.

JPMorgan Municipal ETF Stock Up 0.1%

Shares of NYSEARCA:JMUB opened at $49.03 on Wednesday. The company’s 50 day moving average price is $49.86 and its two-hundred day moving average price is $50.22. JPMorgan Municipal ETF has a 12-month low of $48.94 and a 12-month high of $51.34. The firm has a market cap of $8.31 billion, a PE ratio of 9.96 and a beta of 0.23.

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.