JPMorgan Municipal ETF $JMUB is Keudell Morrison Wealth Management’s 10th Largest Position

Keudell Morrison Wealth Management increased its stake in JPMorgan Municipal ETF (BATS:JMUB) by 15.3% during the first quarter, Holdings Channel.com reports. The firm owned 198,921 shares of the company’s stock after purchasing an additional 26,344 shares during the quarter. JPMorgan Municipal ETF accounts for approximately 2.0% of Keudell Morrison Wealth Management’s holdings, making the stock its 10th largest position. Keudell Morrison Wealth Management’s holdings in JPMorgan Municipal ETF were worth $9,944,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of JMUB. DAVENPORT & Co LLC grew its holdings in JPMorgan Municipal ETF by 2.5% during the fourth quarter. DAVENPORT & Co LLC now owns 8,312 shares of the company’s stock valued at $420,000 after purchasing an additional 202 shares during the period. MB Levis & Associates LLC increased its position in JPMorgan Municipal ETF by 11.2% in the fourth quarter. MB Levis & Associates LLC now owns 2,016 shares of the company’s stock worth $102,000 after buying an additional 203 shares in the last quarter. KFA Private Wealth Group LLC raised its stake in shares of JPMorgan Municipal ETF by 4.3% in the fourth quarter. KFA Private Wealth Group LLC now owns 5,827 shares of the company’s stock worth $294,000 after buying an additional 242 shares during the period. Calton & Associates Inc. raised its stake in shares of JPMorgan Municipal ETF by 3.3% in the fourth quarter. Calton & Associates Inc. now owns 8,540 shares of the company’s stock worth $431,000 after buying an additional 270 shares during the period. Finally, Advisory Services Network LLC raised its stake in shares of JPMorgan Municipal ETF by 1.0% in the fourth quarter. Advisory Services Network LLC now owns 32,747 shares of the company’s stock worth $1,654,000 after buying an additional 312 shares during the period.

JPMorgan Municipal ETF Price Performance

JMUB stock opened at $50.49 on Wednesday. The business’s 50-day moving average price is $50.34 and its 200-day moving average price is $50.52. The stock has a market cap of $3.10 billion, a P/E ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a twelve month low of $49.06 and a twelve month 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.