Masso Torrence Wealth Management Inc. acquired a new position in JPMorgan Municipal ETF (BATS:JMUB – Free Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 6,000 shares of the company’s stock, valued at approximately $301,000.
Several other large investors have also recently added to or reduced their stakes in JMUB. Raymond James & Associates lifted its stake in shares of 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 during the period. Sanctuary Advisors LLC lifted its position in JPMorgan Municipal ETF by 33.3% in the third quarter. Sanctuary Advisors LLC now owns 9,094 shares of the company’s stock worth $460,000 after purchasing an additional 2,272 shares during the period. Atria Investments Inc bought a new position in JPMorgan Municipal ETF during the 3rd quarter valued at $208,000. Cahill Financial Advisors Inc. bought a new position in JPMorgan Municipal ETF during the 3rd quarter valued at $267,000. Finally, Jane Street Group LLC raised its stake in shares of JPMorgan Municipal ETF by 95.9% in the 3rd quarter. Jane Street Group LLC now owns 30,946 shares of the company’s stock worth $1,587,000 after buying an additional 15,146 shares in the last quarter.
JPMorgan Municipal ETF Stock Performance
Shares of JPMorgan Municipal ETF stock opened at $50.36 on Wednesday. The company has a fifty day moving average price of $50.41 and a two-hundred day moving average price of $50.68. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 10.22 and a beta of 0.08.
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.
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