Ferguson Shapiro LLC Increases Position in JPMorgan Municipal ETF (BATS:JMUB)

Ferguson Shapiro LLC lifted its position in JPMorgan Municipal ETF (BATS:JMUB) by 28.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 12,872 shares of the company’s stock after purchasing an additional 2,845 shares during the quarter. Ferguson Shapiro LLC’s holdings in JPMorgan Municipal ETF were worth $646,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. USAdvisors Wealth Management LLC grew its stake in JPMorgan Municipal ETF by 38.6% during the fourth quarter. USAdvisors Wealth Management LLC now owns 11,838 shares of the company’s stock valued at $593,000 after acquiring an additional 3,297 shares in the last quarter. Masso Torrence Wealth Management Inc. purchased a new position in JPMorgan Municipal ETF during the fourth quarter valued at $301,000. Investment Planning Advisors Inc. grew its stake in JPMorgan Municipal ETF by 21.8% during the fourth quarter. Investment Planning Advisors Inc. now owns 41,269 shares of the company’s stock valued at $2,070,000 after acquiring an additional 7,376 shares in the last quarter. Perigon Wealth Management LLC purchased a new position in JPMorgan Municipal ETF during the fourth quarter valued at $1,312,000. Finally, Landmark Wealth Management LLC lifted its position in JPMorgan Municipal ETF by 4.2% during the fourth quarter. Landmark Wealth Management LLC now owns 74,576 shares of the company’s stock valued at $3,740,000 after purchasing an additional 3,012 shares during the last quarter.

JPMorgan Municipal ETF Stock Up 1.1 %

JMUB stock opened at $50.34 on Thursday. The company’s 50 day simple moving average is $50.40 and its two-hundred day simple moving average is $50.68. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 10.22 and a beta of 0.08.

JPMorgan Municipal ETF 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.