JPMorgan Chase & Co. Has $686.40 Million Stock Position in JPMorgan Municipal ETF $JMUB

JPMorgan Chase & Co. grew its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 1,656.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,592,101 shares of the company’s stock after buying an additional 12,818,224 shares during the quarter. JPMorgan Chase & Co. owned 22.16% of JPMorgan Municipal ETF worth $686,401,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Godsey & Gibb Inc. bought a new position in shares of JPMorgan Municipal ETF during the fourth quarter valued at about $27,000. Goodman Advisory Group LLC bought a new position in shares of JPMorgan Municipal ETF during the third quarter valued at about $37,000. Franklin Resources Inc. bought a new position in shares of JPMorgan Municipal ETF during the third quarter valued at about $41,000. N.E.W. Advisory Services LLC bought a new position in shares of JPMorgan Municipal ETF during the fourth quarter valued at about $44,000. Finally, Blue Trust Inc. bought a new position in shares of JPMorgan Municipal ETF during the fourth quarter valued at about $60,000.

JPMorgan Municipal ETF Price Performance

JMUB opened at $50.45 on Wednesday. The company’s 50-day moving average is $50.28 and its 200 day moving average is $50.54. JPMorgan Municipal ETF has a fifty-two week low of $49.06 and a fifty-two week high of $51.34. The firm has a market capitalization of $3.10 billion, a P/E ratio of 9.96 and a beta of 0.21.

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.