Wesbanco Bank Inc. Buys 21,768 Shares of JPMorgan Municipal ETF $JMUB

Wesbanco Bank Inc. boosted its stake in JPMorgan Municipal ETF (BATS:JMUB) by 151.9% in the first quarter, Holdings Channel reports. The firm owned 36,103 shares of the company’s stock after purchasing an additional 21,768 shares during the quarter. Wesbanco Bank Inc.’s holdings in JPMorgan Municipal ETF were worth $1,805,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of JMUB. Foster & Motley Inc. bought a new position in JPMorgan Municipal ETF in the 1st quarter valued at about $3,630,000. Balance Wealth LLC lifted its holdings in shares of JPMorgan Municipal ETF by 20.7% during the 1st quarter. Balance Wealth LLC now owns 46,787 shares of the company’s stock worth $2,339,000 after acquiring an additional 8,013 shares during the period. Boston Standard Wealth Management LLC boosted its position in shares of JPMorgan Municipal ETF by 4.2% during the 1st quarter. Boston Standard Wealth Management LLC now owns 105,688 shares of the company’s stock worth $5,286,000 after acquiring an additional 4,304 shares in the last quarter. Breakwater Capital Group boosted its position in shares of JPMorgan Municipal ETF by 8.6% during the 1st quarter. Breakwater Capital Group now owns 58,979 shares of the company’s stock worth $2,948,000 after acquiring an additional 4,684 shares in the last quarter. Finally, Boyd Wealth Management LLC bought a new position in JPMorgan Municipal ETF in the first quarter valued at approximately $463,000.

JPMorgan Municipal ETF Price Performance

Shares of BATS:JMUB opened at $50.62 on Friday. JPMorgan Municipal ETF has a 1 year low of $49.06 and a 1 year high of $51.34. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The company’s 50 day simple moving average is $50.35 and its 200 day simple moving average is $50.53.

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.