Smithbridge Asset Management Inc. DE Grows Position in JPMorgan Municipal ETF $JMUB

Smithbridge Asset Management Inc. DE boosted its holdings in shares of JPMorgan Municipal ETF (BATS:JMUB) by 106.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,920 shares of the company’s stock after acquiring an additional 30,360 shares during the quarter. Smithbridge Asset Management Inc. DE owned 0.10% of JPMorgan Municipal ETF worth $2,975,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Godsey & Gibb Inc. purchased a new position in JPMorgan Municipal ETF during the 4th quarter valued at $27,000. Goodman Advisory Group LLC purchased a new position in JPMorgan Municipal ETF during the 3rd quarter valued at $37,000. Franklin Resources Inc. purchased a new position in JPMorgan Municipal ETF during the 3rd quarter valued at $41,000. N.E.W. Advisory Services LLC purchased a new position in JPMorgan Municipal ETF during the 4th quarter valued at $44,000. Finally, Blue Trust Inc. purchased a new position in JPMorgan Municipal ETF during the 4th quarter valued at $60,000.

JPMorgan Municipal ETF Price Performance

JPMorgan Municipal ETF stock opened at $50.36 on Thursday. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 1 year low of $49.06 and a 1 year high of $51.34. The firm has a 50-day moving average of $50.29 and a two-hundred day moving average of $50.54.

JPMorgan Municipal ETF Company 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.