Diversified Portfolios Inc. Raises Position in JPMorgan Municipal ETF $JMUB

Diversified Portfolios Inc. raised its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 22.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 284,598 shares of the company’s stock after buying an additional 53,106 shares during the period. JPMorgan Municipal ETF makes up approximately 1.2% of Diversified Portfolios Inc.’s portfolio, making the stock its 23rd largest position. Diversified Portfolios Inc. owned 0.46% of JPMorgan Municipal ETF worth $14,372,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Sterling Investment Advisors Ltd. purchased a new position in JPMorgan Municipal ETF in the 4th quarter valued at approximately $808,000. Harbour Investments Inc. purchased a new position in JPMorgan Municipal ETF in the 4th quarter valued at approximately $73,000. Clearwater Capital Advisors LLC boosted its position in JPMorgan Municipal ETF by 217.4% in the 4th quarter. Clearwater Capital Advisors LLC now owns 369,290 shares of the company’s stock valued at $18,649,000 after buying an additional 252,933 shares during the period. Hantz Financial Services Inc. acquired a new stake in shares of JPMorgan Municipal ETF in the 4th quarter valued at $76,000. Finally, Principle Wealth Partners LLC acquired a new stake in shares of JPMorgan Municipal ETF in the 4th quarter valued at $2,028,000.

JPMorgan Municipal ETF Stock Performance

Shares of JMUB opened at $50.00 on Tuesday. JPMorgan Municipal ETF has a twelve month low of $49.06 and a twelve month high of $51.34. The firm’s fifty day simple moving average is $50.25 and its 200-day simple moving average is $50.57. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21.

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.