Benjamin Edwards Inc. purchased a new position in shares of JPMorgan Municipal ETF (BATS:JMUB – Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 10,918 shares of the company’s stock, valued at approximately $556,000.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. purchased a new position in JPMorgan Municipal ETF during the 4th quarter worth $51,000. Carmichael Hill & Associates Inc. purchased a new position in JPMorgan Municipal ETF during the fourth quarter worth about $70,000. McIlrath & Eck LLC bought a new stake in JPMorgan Municipal ETF in the 3rd quarter worth about $102,000. Choreo LLC bought a new stake in JPMorgan Municipal ETF in the 4th quarter worth about $201,000. Finally, West Oak Capital LLC increased its stake in JPMorgan Municipal ETF by 33.3% in the 4th quarter. West Oak Capital LLC now owns 4,000 shares of the company’s stock valued at $204,000 after buying an additional 1,000 shares during the last quarter.
JPMorgan Municipal ETF Price Performance
Shares of BATS JMUB traded up $0.09 during midday trading on Friday, reaching $50.24. The company’s stock had a trading volume of 248,389 shares. The firm has a market cap of $1.33 billion, a PE ratio of 10.19 and a beta of 0.07. The firm has a 50-day moving average price of $50.49 and a 200 day moving average price of $50.18.
JPMorgan Municipal ETF Increases Dividend
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.
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