Unique Wealth LLC Increases Holdings in JPMorgan Municipal ETF $JMUB

Unique Wealth LLC lifted its stake in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB) by 743.8% during the second quarter, HoldingsChannel.com reports. The firm owned 74,388 shares of the company’s stock after purchasing an additional 65,572 shares during the quarter. Unique Wealth LLC’s holdings in JPMorgan Municipal ETF were worth $3,697,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in JPMorgan Municipal ETF by 1,656.4% in the 4th quarter. JPMorgan Chase & Co. now owns 13,592,101 shares of the company’s stock worth $686,401,000 after purchasing an additional 12,818,224 shares during the period. LPL Financial LLC increased its position in shares of JPMorgan Municipal ETF by 44.5% during the fourth quarter. LPL Financial LLC now owns 5,531,924 shares of the company’s stock valued at $279,362,000 after buying an additional 1,702,513 shares during the period. Meeder Advisory Services Inc. increased its position in shares of JPMorgan Municipal ETF by 32.5% during the first quarter. Meeder Advisory Services Inc. now owns 4,262,379 shares of the company’s stock valued at $213,076,000 after buying an additional 1,044,894 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of JPMorgan Municipal ETF by 29.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,159,706 shares of the company’s stock worth $210,065,000 after buying an additional 950,852 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of JPMorgan Municipal ETF by 26.5% in the first quarter. Cetera Investment Advisers now owns 3,635,444 shares of the company’s stock worth $181,736,000 after buying an additional 761,782 shares in the last quarter.

JPMorgan Municipal ETF Trading Up 0.1%

Shares of NYSEARCA:JMUB opened at $48.98 on Friday. The company has a 50 day moving average of $49.93 and a 200 day moving average of $50.26. The stock has a market cap of $8.30 billion, a P/E ratio of 9.96 and a beta of 0.23. JPMorgan Municipal ETF has a 12 month low of $48.94 and a 12 month high of $51.34.

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.