Diversify Wealth Management LLC Buys New Position in JPMorgan Municipal ETF $JMUB

Diversify Wealth Management LLC purchased a new position in JPMorgan Municipal ETF (BATS:JMUB) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 24,588 shares of the company’s stock, valued at approximately $1,239,000.

Several other institutional investors and hedge funds have also modified their holdings of JMUB. Fifth Third Bancorp increased its holdings in JPMorgan Municipal ETF by 3,474.0% in the 1st quarter. Fifth Third Bancorp now owns 42,888 shares of the company’s stock worth $2,144,000 after acquiring an additional 41,688 shares in the last quarter. Summit Financial Strategies Inc. increased its stake in shares of JPMorgan Municipal ETF by 19.3% in the first quarter. Summit Financial Strategies Inc. now owns 157,489 shares of the company’s stock worth $7,873,000 after purchasing an additional 25,446 shares in the last quarter. Oakwell Private Wealth Management LLC raised its position in shares of JPMorgan Municipal ETF by 3.5% during the 1st quarter. Oakwell Private Wealth Management LLC now owns 174,454 shares of the company’s stock valued at $8,721,000 after purchasing an additional 5,931 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of JPMorgan Municipal ETF by 7.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 208,705 shares of the company’s stock valued at $10,433,000 after purchasing an additional 14,723 shares during the period. Finally, Mason & Associates Inc raised its position in shares of JPMorgan Municipal ETF by 2.3% during the 1st quarter. Mason & Associates Inc now owns 9,364 shares of the company’s stock valued at $468,000 after purchasing an additional 215 shares during the period.

JPMorgan Municipal ETF Stock Performance

JMUB opened at $50.28 on Thursday. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The firm’s fifty day moving average is $50.35 and its 200 day moving average is $50.52. JPMorgan Municipal ETF has a fifty-two week low of $49.06 and a fifty-two week 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.