Arax Advisory Partners Invests $1.35 Million in JPMorgan Municipal ETF $JMUB

Arax Advisory Partners acquired a new position in JPMorgan Municipal ETF (BATS:JMUB) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 26,754 shares of the company’s stock, valued at approximately $1,351,000.

Several other institutional investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in shares of JPMorgan Municipal ETF by 1,656.4% in the fourth quarter. JPMorgan Chase & Co. now owns 13,592,101 shares of the company’s stock worth $686,401,000 after buying an additional 12,818,224 shares during the period. LPL Financial LLC raised its stake in shares of JPMorgan Municipal ETF by 44.5% in the fourth quarter. LPL Financial LLC now owns 5,531,924 shares of the company’s stock worth $279,362,000 after buying an additional 1,702,513 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of JPMorgan Municipal ETF by 29.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,159,706 shares of the company’s stock worth $210,065,000 after buying an additional 950,852 shares during the period. Meeder Advisory Services Inc. raised its stake in JPMorgan Municipal ETF by 9.4% during the 4th quarter. Meeder Advisory Services Inc. now owns 3,217,485 shares of the company’s stock valued at $162,483,000 after purchasing an additional 277,270 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in JPMorgan Municipal ETF by 7.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,717,626 shares of the company’s stock valued at $137,566,000 after purchasing an additional 176,736 shares during the period.

JPMorgan Municipal ETF Trading Up 0.1%

Shares of JMUB opened at $50.38 on Tuesday. The business’s 50 day moving average is $50.31 and its 200 day moving average is $50.53. The company has a market capitalization of $3.09 billion, a PE 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 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.