JPMorgan Municipal ETF (BATS:JMUB) Shares Bought by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC lifted its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 6.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,228 shares of the company’s stock after acquiring an additional 9,911 shares during the quarter. Cornerstone Wealth Management LLC owned about 0.61% of JPMorgan Municipal ETF worth $8,537,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James & Associates lifted its holdings in shares of JPMorgan Municipal ETF by 40.1% during the 3rd quarter. Raymond James & Associates now owns 404,255 shares of the company’s stock valued at $20,726,000 after acquiring an additional 115,690 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in JPMorgan Municipal ETF by 33.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 9,094 shares of the company’s stock worth $460,000 after buying an additional 2,272 shares in the last quarter. Atria Investments Inc acquired a new position in JPMorgan Municipal ETF in the 3rd quarter worth $208,000. Cahill Financial Advisors Inc. acquired a new position in JPMorgan Municipal ETF in the 3rd quarter worth $267,000. Finally, Jane Street Group LLC lifted its holdings in JPMorgan Municipal ETF by 95.9% in the 3rd quarter. Jane Street Group LLC now owns 30,946 shares of the company’s stock worth $1,587,000 after buying an additional 15,146 shares in the last quarter.

JPMorgan Municipal ETF Price Performance

Shares of JMUB stock opened at $50.08 on Friday. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 10.22 and a beta of 0.08. The business has a 50 day moving average price of $50.42 and a two-hundred day moving average price of $50.69.

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.