Clearwater Capital Advisors LLC Grows Position in JPMorgan Municipal ETF $JMUB

Clearwater Capital Advisors LLC increased its holdings in JPMorgan Municipal ETF (BATS:JMUB) by 217.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 369,290 shares of the company’s stock after acquiring an additional 252,933 shares during the quarter. JPMorgan Municipal ETF makes up about 1.6% of Clearwater Capital Advisors LLC’s investment portfolio, making the stock its 17th largest position. Clearwater Capital Advisors LLC owned approximately 0.60% of JPMorgan Municipal ETF worth $18,649,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in JMUB. Godsey & Gibb Inc. purchased a new stake in JPMorgan Municipal ETF in the fourth quarter worth about $27,000. Goodman Advisory Group LLC purchased a new stake in JPMorgan Municipal ETF in the third quarter worth about $37,000. Franklin Resources Inc. purchased a new stake in JPMorgan Municipal ETF in the third quarter worth about $41,000. N.E.W. Advisory Services LLC purchased a new stake in JPMorgan Municipal ETF in the fourth quarter worth about $44,000. Finally, Archer Investment Corp purchased a new stake in JPMorgan Municipal ETF in the third quarter worth about $58,000.

JPMorgan Municipal ETF Price Performance

BATS:JMUB opened at $50.00 on Monday. The company has a 50-day moving average of $50.25 and a 200 day moving average of $50.57. JPMorgan Municipal ETF has a 1-year low of $49.06 and a 1-year high of $51.34. The firm has a market cap of $3.07 billion, a PE 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.