Wealthcare Advisory Partners LLC Has $1.71 Million Stock Position in JPMorgan Municipal ETF (BATS:JMUB)

Wealthcare Advisory Partners LLC increased its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 14.3% during the fourth quarter, Holdings Channel reports. The fund owned 34,106 shares of the company’s stock after acquiring an additional 4,268 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in JPMorgan Municipal ETF were worth $1,710,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. LPL Financial LLC raised its stake in JPMorgan Municipal ETF by 18.7% during the 3rd quarter. LPL Financial LLC now owns 2,506,748 shares of the company’s stock valued at $128,521,000 after purchasing an additional 394,199 shares during the period. Envestnet Asset Management Inc. raised its position in JPMorgan Municipal ETF by 119.7% during the second quarter. Envestnet Asset Management Inc. now owns 650,088 shares of the company’s stock valued at $32,748,000 after buying an additional 354,185 shares during the period. Marcum Wealth LLC acquired a new position in JPMorgan Municipal ETF during the fourth quarter valued at $16,720,000. Raymond James & Associates lifted its stake in JPMorgan Municipal ETF by 40.1% in the 3rd quarter. Raymond James & Associates now owns 404,255 shares of the company’s stock worth $20,726,000 after acquiring an additional 115,690 shares in the last quarter. Finally, Magnus Financial Group LLC boosted its position in JPMorgan Municipal ETF by 48.6% during the 3rd quarter. Magnus Financial Group LLC now owns 322,192 shares of the company’s stock worth $16,519,000 after acquiring an additional 105,360 shares during the period.

JPMorgan Municipal ETF Stock Up 0.6 %

Shares of JMUB opened at $50.10 on Friday. The firm has a fifty day simple moving average of $50.44 and a 200-day simple moving average of $50.70. The firm has a market cap of $1.39 billion, a P/E ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF Company 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.