Cedar Point Capital Partners LLC Has $3.20 Million Stake in JPMorgan Municipal ETF (BATS:JMUB)

Cedar Point Capital Partners LLC grew its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 5.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 63,740 shares of the company’s stock after purchasing an additional 3,550 shares during the period. JPMorgan Municipal ETF accounts for approximately 2.2% of Cedar Point Capital Partners LLC’s holdings, making the stock its 17th biggest position. Cedar Point Capital Partners LLC’s holdings in JPMorgan Municipal ETF were worth $3,197,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Sunbelt Securities Inc. boosted its stake in JPMorgan Municipal ETF by 208.0% during the third quarter. Sunbelt Securities Inc. now owns 1,118 shares of the company’s stock worth $57,000 after buying an additional 755 shares in the last quarter. Blue Investment Partners LLC acquired a new stake in shares of JPMorgan Municipal ETF during the 3rd quarter valued at about $203,000. Aptus Capital Advisors LLC increased its stake in JPMorgan Municipal ETF by 291.3% in the third quarter. Aptus Capital Advisors LLC now owns 4,026 shares of the company’s stock valued at $206,000 after acquiring an additional 2,997 shares during the period. Atria Investments Inc acquired a new position in JPMorgan Municipal ETF in the third quarter worth about $208,000. Finally, Vawter Financial Ltd. bought a new position in JPMorgan Municipal ETF during the third quarter worth about $214,000.

JPMorgan Municipal ETF Stock Up 0.8 %

BATS JMUB opened at $50.19 on Thursday. The firm’s fifty day moving average is $50.42 and its 200 day moving average is $50.69. The firm has a market capitalization of $1.39 billion, a P/E ratio of 10.22 and a beta of 0.08.

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.