Marcum Wealth LLC purchased a new stake in JPMorgan Municipal ETF (BATS:JMUB – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 333,392 shares of the company’s stock, valued at approximately $16,720,000. JPMorgan Municipal ETF comprises about 1.4% of Marcum Wealth LLC’s investment portfolio, making the stock its 14th biggest holding.
Several other hedge funds and other institutional investors have also made changes to their positions in JMUB. Raymond James & Associates boosted its stake in JPMorgan Municipal ETF by 40.1% during the third quarter. Raymond James & Associates now owns 404,255 shares of the company’s stock valued at $20,726,000 after buying an additional 115,690 shares during the last quarter. Sanctuary Advisors LLC boosted its position in shares of JPMorgan Municipal ETF by 33.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 9,094 shares of the company’s stock valued at $460,000 after acquiring an additional 2,272 shares during the last quarter. Atria Investments Inc purchased a new position in shares of JPMorgan Municipal ETF in the third quarter valued at $208,000. Cahill Financial Advisors Inc. bought a new stake in JPMorgan Municipal ETF in the third quarter worth $267,000. Finally, Jane Street Group LLC raised its stake in JPMorgan Municipal ETF by 95.9% during the third quarter. Jane Street Group LLC now owns 30,946 shares of the company’s stock valued at $1,587,000 after purchasing an additional 15,146 shares in the last quarter.
JPMorgan Municipal ETF Stock Down 0.0 %
Shares of BATS:JMUB opened at $49.83 on Tuesday. The business has a 50 day simple moving average of $50.47 and a two-hundred day simple moving average of $50.71. The stock has a market cap of $1.38 billion, a PE ratio of 10.22 and a beta of 0.08.
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.
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Want to see what other hedge funds are holding JMUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Municipal ETF (BATS:JMUB – Free Report).
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