Clear Trail Advisors LLC Takes $14.26 Million Position in JPMorgan Municipal ETF $JMUB

Clear Trail Advisors LLC purchased a new position in JPMorgan Municipal ETF (BATS:JMUB) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 285,209 shares of the company’s stock, valued at approximately $14,258,000. JPMorgan Municipal ETF makes up about 2.4% of Clear Trail Advisors LLC’s portfolio, making the stock its 15th biggest holding. Clear Trail Advisors LLC owned approximately 0.46% of JPMorgan Municipal ETF as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of JMUB. Founders Financial Securities LLC grew its position in shares of JPMorgan Municipal ETF by 19.3% during the first quarter. Founders Financial Securities LLC now owns 190,822 shares of the company’s stock worth $9,612,000 after buying an additional 30,843 shares in the last quarter. Westmount Partners LLC acquired a new stake in shares of JPMorgan Municipal ETF in the 1st quarter valued at about $349,000. Carter Financial LLC acquired a new position in JPMorgan Municipal ETF in the fourth quarter worth about $753,000. Rockefeller Capital Management L.P. grew its stake in JPMorgan Municipal ETF by 10.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 795,805 shares of the company’s stock worth $40,188,000 after purchasing an additional 75,646 shares in the last quarter. Finally, Corient Private Wealth LLC increased its holdings in JPMorgan Municipal ETF by 0.8% in the fourth quarter. Corient Private Wealth LLC now owns 739,939 shares of the company’s stock valued at $37,367,000 after buying an additional 6,034 shares during the last quarter.

JPMorgan Municipal ETF Stock Up 0.0%

Shares of BATS JMUB opened at $50.49 on Tuesday. The stock’s 50 day moving average price is $50.34 and its two-hundred day moving average price is $50.53. JPMorgan Municipal ETF has a 52-week low of $49.06 and a 52-week high of $51.34. The stock has a market capitalization of $3.10 billion, a P/E 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.