TBH Global Asset Management LLC Buys 325,140 Shares of JPMorgan Municipal ETF $JMUB

TBH Global Asset Management LLC grew its stake in JPMorgan Municipal ETF (BATS:JMUB) by 1,180.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 352,676 shares of the company’s stock after purchasing an additional 325,140 shares during the period. JPMorgan Municipal ETF comprises approximately 3.0% of TBH Global Asset Management LLC’s investment portfolio, making the stock its 5th largest position. TBH Global Asset Management LLC owned 0.57% of JPMorgan Municipal ETF worth $17,810,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. DAVENPORT & Co LLC boosted its stake in shares of JPMorgan Municipal ETF by 2.5% in the 4th quarter. DAVENPORT & Co LLC now owns 8,312 shares of the company’s stock valued at $420,000 after purchasing an additional 202 shares in the last quarter. MB Levis & Associates LLC raised its holdings in JPMorgan Municipal ETF by 11.2% in the 4th quarter. MB Levis & Associates LLC now owns 2,016 shares of the company’s stock valued at $102,000 after buying an additional 203 shares during the last quarter. Daymark Wealth Partners LLC raised its holdings in JPMorgan Municipal ETF by 0.6% in the 3rd quarter. Daymark Wealth Partners LLC now owns 38,347 shares of the company’s stock valued at $1,935,000 after buying an additional 228 shares during the last quarter. KFA Private Wealth Group LLC raised its holdings in JPMorgan Municipal ETF by 4.3% in the 4th quarter. KFA Private Wealth Group LLC now owns 5,827 shares of the company’s stock valued at $294,000 after buying an additional 242 shares during the last quarter. Finally, Axis Wealth Partners LLC raised its holdings in JPMorgan Municipal ETF by 4.4% in the 3rd quarter. Axis Wealth Partners LLC now owns 7,172 shares of the company’s stock valued at $362,000 after buying an additional 300 shares during the last quarter.

JPMorgan Municipal ETF Price Performance

Shares of BATS JMUB opened at $50.54 on Friday. The company has a 50 day simple moving average of $50.53 and a 200 day simple moving average of $50.62. The firm has a market cap of $3.10 billion, a PE ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 1 year low of $49.06 and a 1 year high of $51.34.

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.