Founders Financial Securities LLC Grows Position in JPMorgan Municipal ETF $JMUB

Founders Financial Securities LLC increased its position in JPMorgan Municipal ETF (BATS:JMUB) by 14.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 159,979 shares of the company’s stock after purchasing an additional 20,157 shares during the quarter. Founders Financial Securities LLC owned approximately 0.26% of JPMorgan Municipal ETF worth $8,079,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its stake in JPMorgan Municipal ETF by 29.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,159,706 shares of the company’s stock valued at $210,065,000 after buying an additional 950,852 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in JPMorgan Municipal ETF by 7.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,717,626 shares of the company’s stock valued at $137,566,000 after buying an additional 176,736 shares during the last quarter. Ameriprise Financial Inc. raised its stake in JPMorgan Municipal ETF by 43.7% during the third quarter. Ameriprise Financial Inc. now owns 2,246,619 shares of the company’s stock valued at $113,284,000 after buying an additional 683,129 shares during the last quarter. Raymond James Financial Inc. raised its stake in JPMorgan Municipal ETF by 16.0% during the second quarter. Raymond James Financial Inc. now owns 1,763,230 shares of the company’s stock valued at $87,527,000 after buying an additional 243,751 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in JPMorgan Municipal ETF by 13.6% during the third quarter. Bank of America Corp DE now owns 1,251,884 shares of the company’s stock valued at $63,183,000 after buying an additional 150,212 shares during the last quarter.

JPMorgan Municipal ETF Trading Up 0.2%

Shares of BATS:JMUB opened at $50.47 on Friday. The stock has a fifty day simple moving average of $50.23 and a two-hundred day simple moving average of $50.56. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 12-month low of $49.06 and a 12-month high of $51.34.

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.