Tortoise Investment Management LLC lifted its stake in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB – Free Report) by 12.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 664,214 shares of the company’s stock after purchasing an additional 73,075 shares during the period. JPMorgan Municipal ETF accounts for 2.5% of Tortoise Investment Management LLC’s investment portfolio, making the stock its 5th biggest holding. Tortoise Investment Management LLC owned approximately 0.39% of JPMorgan Municipal ETF worth $33,646,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also bought and sold shares of JMUB. Wellington Grp LLC raised its stake in JPMorgan Municipal ETF by 572.0% in the 1st quarter. Wellington Grp LLC now owns 625 shares of the company’s stock valued at $31,000 after acquiring an additional 532 shares during the period. Brown Brothers Harriman & Co. purchased a new stake in shares of JPMorgan Municipal ETF during the fourth quarter worth $34,000. Franklin Resources Inc. bought a new position in shares of JPMorgan Municipal ETF in the third quarter worth $41,000. SHP Wealth Management purchased a new position in shares of JPMorgan Municipal ETF in the fourth quarter valued at $47,000. Finally, Lavaca Capital LLC bought a new stake in shares of JPMorgan Municipal ETF during the 4th quarter valued at $48,000.
JPMorgan Municipal ETF Stock Performance
NYSEARCA:JMUB opened at $48.79 on Thursday. JPMorgan Municipal ETF has a 52-week low of $48.78 and a 52-week high of $51.34. The business’s fifty day moving average is $49.82 and its 200 day moving average is $50.21. The firm has a market cap of $8.27 billion, a price-to-earnings ratio of 9.96 and a beta of 0.23.
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.
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