Smithbridge Asset Management Inc. DE Makes New Investment in JPMorgan Municipal ETF $JMUB

Smithbridge Asset Management Inc. DE acquired a new position in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 53,241 shares of the company’s stock, valued at approximately $2,533,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Retirement Planning Group LLC acquired a new stake in JPMorgan Municipal ETF in the third quarter valued at $8,950,000. Elevated Financial Group LLC purchased a new stake in shares of JPMorgan Municipal ETF in the 3rd quarter valued at about $3,766,000. Robertson Stephens Wealth Management LLC lifted its stake in JPMorgan Municipal ETF by 4.0% in the third quarter. Robertson Stephens Wealth Management LLC now owns 51,505 shares of the company’s stock valued at $2,451,000 after buying an additional 1,999 shares during the last quarter. Cyr Financial Inc. raised its position in JPMorgan Municipal ETF by 6.7% in the 3rd quarter. Cyr Financial Inc. now owns 27,219 shares of the company’s stock valued at $1,295,000 after purchasing an additional 1,713 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC raised its holdings in shares of JPMorgan Municipal ETF by 453.4% in the third quarter. Cyndeo Wealth Partners LLC now owns 32,504 shares of the company’s stock valued at $1,547,000 after buying an additional 26,631 shares during the last quarter.

JPMorgan Municipal ETF Stock Performance

JPMorgan Municipal ETF stock opened at $48.20 on Tuesday. The stock has a 50 day moving average of $48.67 and a two-hundred day moving average of $49.70. JPMorgan Municipal ETF has a twelve month low of $47.20 and a twelve month high of $51.34. The stock has a market capitalization of $8.72 billion, a price-to-earnings ratio of 9.96 and a beta of 0.24.

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.