Seascape Capital Management Raises Stake in JPMorgan Municipal ETF $JMUB

Seascape Capital Management grew its position in JPMorgan Municipal ETF (BATS:JMUB) by 90.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,500 shares of the company’s stock after purchasing an additional 14,500 shares during the quarter. Seascape Capital Management’s holdings in JPMorgan Municipal ETF were worth $1,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada lifted its stake in shares of JPMorgan Municipal ETF by 12.1% during the 1st quarter. Royal Bank of Canada now owns 100,198 shares of the company’s stock valued at $5,010,000 after buying an additional 10,823 shares in the last quarter. AQR Capital Management LLC increased its stake in JPMorgan Municipal ETF by 37.4% in the 1st quarter. AQR Capital Management LLC now owns 10,756 shares of the company’s stock worth $538,000 after buying an additional 2,927 shares in the last quarter. Cerity Partners LLC bought a new stake in JPMorgan Municipal ETF during the second quarter valued at about $1,950,000. Peapack Gladstone Financial Corp raised its holdings in JPMorgan Municipal ETF by 317.8% during the second quarter. Peapack Gladstone Financial Corp now owns 79,084 shares of the company’s stock valued at $3,926,000 after acquiring an additional 60,157 shares during the period. Finally, Diversify Advisory Services LLC purchased a new position in shares of JPMorgan Municipal ETF in the second quarter valued at about $2,233,000.

JPMorgan Municipal ETF Price Performance

BATS JMUB opened at $50.55 on Monday. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The business has a 50-day moving average price of $50.36 and a 200-day moving average price of $50.53. JPMorgan Municipal ETF has a twelve month low of $49.06 and a twelve 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.