Continuum Advisory LLC Purchases New Position in JPMorgan Municipal ETF $JMUB

Continuum Advisory LLC purchased a new position in JPMorgan Municipal ETF (NYSEARCA:JMUB) in the second quarter, Holdings Channel reports. The fund purchased 736,019 shares of the company’s stock, valued at approximately $34,549,000. JPMorgan Municipal ETF accounts for 2.8% of Continuum Advisory LLC’s holdings, making the stock its 5th biggest holding.

A number of other hedge funds also recently bought and sold shares of JMUB. Emergent Wealth Advisors LLC acquired a new position in shares of JPMorgan Municipal ETF during the 2nd quarter worth approximately $694,000. Lionsbridge Wealth Management LLC purchased a new position in shares of JPMorgan Municipal ETF during the 2nd quarter valued at approximately $3,512,000. First Citizens Financial Corp acquired a new stake in JPMorgan Municipal ETF in the 2nd quarter valued at $1,012,000. Acorn Wealth Advisors LLC acquired a new stake in JPMorgan Municipal ETF in the 2nd quarter valued at $5,206,000. Finally, Legacy Financial Advisors Inc. increased its holdings in JPMorgan Municipal ETF by 2.2% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 230,771 shares of the company’s stock worth $11,690,000 after acquiring an additional 5,051 shares in the last quarter.

JPMorgan Municipal ETF Stock Performance

NYSEARCA:JMUB opened at $49.07 on Thursday. The company has a fifty day moving average of $49.99 and a two-hundred day moving average of $50.28. The stock has a market capitalization of $8.32 billion, a PE ratio of 9.96 and a beta of 0.23. JPMorgan Municipal ETF has a fifty-two week low of $49.06 and a fifty-two week 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.