SteelPeak Wealth LLC Purchases New Shares in JPMorgan Municipal ETF $JMUB

SteelPeak Wealth LLC acquired a new stake in shares of JPMorgan Municipal ETF (BATS:JMUB) in the 1st quarter, Holdings Channel reports. The firm acquired 39,375 shares of the company’s stock, valued at approximately $1,968,000.

A number of other institutional investors and hedge funds have also made changes to their positions in JMUB. Godsey & Gibb Inc. bought a new stake in shares of JPMorgan Municipal ETF in the 4th quarter worth about $27,000. Brown Brothers Harriman & Co. purchased a new position in JPMorgan Municipal ETF in the fourth quarter worth about $34,000. Franklin Resources Inc. purchased a new position in JPMorgan Municipal ETF in the third quarter worth about $41,000. N.E.W. Advisory Services LLC bought a new stake in JPMorgan Municipal ETF during the fourth quarter worth approximately $44,000. Finally, SHP Wealth Management bought a new stake in JPMorgan Municipal ETF during the fourth quarter worth approximately $47,000.

JPMorgan Municipal ETF Price Performance

Shares of JMUB stock opened at $50.21 on Friday. The company has a market cap of $3.08 billion, a PE ratio of 9.96 and a beta of 0.21. The stock’s 50 day simple moving average is $50.34 and its two-hundred day simple moving average is $50.51. JPMorgan Municipal ETF has a 1 year low of $49.06 and a 1 year high of $51.34.

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.