Bailard Inc. Purchases 31,886 Shares of JPMorgan Municipal ETF $JMUB

Bailard Inc. boosted its position in JPMorgan Municipal ETF (BATS:JMUB) by 4.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 794,545 shares of the company’s stock after purchasing an additional 31,886 shares during the period. JPMorgan Municipal ETF comprises 0.9% of Bailard Inc.’s investment portfolio, making the stock its 25th biggest position. Bailard Inc.’s holdings in JPMorgan Municipal ETF were worth $40,125,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in JMUB. Royal Bank of Canada grew its position in JPMorgan Municipal ETF by 12.1% in the 1st quarter. Royal Bank of Canada now owns 100,198 shares of the company’s stock worth $5,010,000 after purchasing an additional 10,823 shares in the last quarter. AQR Capital Management LLC grew its position 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 purchasing an additional 2,927 shares in the last quarter. Cerity Partners LLC bought a new position in shares of JPMorgan Municipal ETF during the 2nd quarter valued at approximately $1,950,000. Peapack Gladstone Financial Corp grew its position in shares of JPMorgan Municipal ETF by 317.8% during the 2nd 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 bought a new position in shares of JPMorgan Municipal ETF during the 2nd quarter valued at approximately $2,233,000.

JPMorgan Municipal ETF Stock Down 0.1%

JPMorgan Municipal ETF stock opened at $50.35 on Tuesday. JPMorgan Municipal ETF has a twelve month low of $49.06 and a twelve month high of $51.34. The firm has a 50 day moving average price of $50.39 and a 200-day moving average price of $50.61. The company has a market capitalization of $3.09 billion, a P/E ratio of 9.96 and a beta of 0.21.

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.