Breakwater Capital Group Purchases New Stake in JPMorgan Municipal ETF (BATS:JMUB)

Breakwater Capital Group bought a new stake in shares of JPMorgan Municipal ETF (BATS:JMUB) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 20,524 shares of the company’s stock, valued at approximately $1,029,000. Breakwater Capital Group owned 0.07% of JPMorgan Municipal ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James & Associates raised its position in shares of JPMorgan Municipal ETF by 40.1% in the third quarter. Raymond James & Associates now owns 404,255 shares of the company’s stock valued at $20,726,000 after purchasing an additional 115,690 shares during the period. Sanctuary Advisors LLC raised its stake in shares of JPMorgan Municipal ETF by 33.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 9,094 shares of the company’s stock valued at $460,000 after buying an additional 2,272 shares in the last quarter. Atria Investments Inc acquired a new stake in shares of JPMorgan Municipal ETF during the 3rd quarter valued at about $208,000. Cahill Financial Advisors Inc. acquired a new position in shares of JPMorgan Municipal ETF in the 3rd quarter worth approximately $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 worth $1,587,000 after acquiring an additional 15,146 shares in the last quarter.

JPMorgan Municipal ETF Stock Performance

BATS:JMUB opened at $49.83 on Tuesday. The company has a 50 day moving average price of $50.47 and a 200-day moving average price of $50.71. The firm has a market capitalization of $1.38 billion, a price-to-earnings 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.