JPMorgan Municipal ETF (BATS:JMUB) Shares Purchased by Magnus Financial Group LLC

Magnus Financial Group LLC boosted its stake in JPMorgan Municipal ETF (BATS:JMUB) by 9.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 351,920 shares of the company’s stock after purchasing an additional 29,728 shares during the period. JPMorgan Municipal ETF makes up about 1.7% of Magnus Financial Group LLC’s investment portfolio, making the stock its 12th biggest holding. Magnus Financial Group LLC owned approximately 1.27% of JPMorgan Municipal ETF worth $17,649,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in JMUB. LPL Financial LLC boosted its position in JPMorgan Municipal ETF by 18.7% in the 3rd quarter. LPL Financial LLC now owns 2,506,748 shares of the company’s stock valued at $128,521,000 after buying an additional 394,199 shares during the last quarter. Marcum Wealth LLC purchased a new position in JPMorgan Municipal ETF in the 4th quarter valued at about $16,720,000. Raymond James & Associates boosted its position in JPMorgan Municipal ETF by 40.1% in the 3rd quarter. Raymond James & Associates now owns 404,255 shares of the company’s stock valued at $20,726,000 after buying an additional 115,690 shares during the last quarter. Mather Group LLC. purchased a new position in JPMorgan Municipal ETF in the 3rd quarter valued at about $5,377,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in JPMorgan Municipal ETF by 9.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,130,986 shares of the company’s stock valued at $56,973,000 after buying an additional 94,579 shares during the last quarter.

JPMorgan Municipal ETF Stock Up 0.8 %

Shares of JMUB stock opened at $50.17 on Wednesday. The stock’s 50 day moving average is $50.43 and its 200-day moving average is $50.69. The company has a market capitalization of $1.39 billion, a PE 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.