Wesbanco Bank Inc. Takes Position in JPMorgan Municipal ETF $JMUB

Wesbanco Bank Inc. purchased a new stake in JPMorgan Municipal ETF (BATS:JMUB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,335 shares of the company’s stock, valued at approximately $724,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Godsey & Gibb Inc. acquired a new stake in shares of JPMorgan Municipal ETF in the fourth quarter valued at about $27,000. Goodman Advisory Group LLC acquired a new stake in shares of JPMorgan Municipal ETF in the third quarter valued at about $37,000. Franklin Resources Inc. acquired a new stake in shares of JPMorgan Municipal ETF in the third quarter valued at about $41,000. N.E.W. Advisory Services LLC acquired a new stake in shares of JPMorgan Municipal ETF in the fourth quarter valued at about $44,000. Finally, Archer Investment Corp acquired a new stake in shares of JPMorgan Municipal ETF in the third quarter valued at about $58,000.

JPMorgan Municipal ETF Stock Performance

Shares of JMUB stock opened at $50.39 on Monday. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The stock has a 50-day moving average of $50.43 and a 200-day moving average of $50.62. JPMorgan Municipal ETF has a 1-year low of $49.06 and a 1-year high of $51.34.

About JPMorgan Municipal ETF

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.