Hartford Financial Management Inc. Makes New Investment in JPMorgan Municipal ETF $JMUB

by · The Markets Daily

Hartford Financial Management Inc. purchased a new stake in shares of JPMorgan Municipal ETF (NYSEARCA:JMUB – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 241,018 shares of the company’s stock, valued at approximately $11,468,000. JPMorgan Municipal ETF accounts for about 2.6% of Hartford Financial Management Inc.’s portfolio, making the stock its 8th biggest holding. Hartford Financial Management Inc. owned about 0.13% of JPMorgan Municipal ETF at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Wellington Grp LLC grew its holdings in JPMorgan Municipal ETF by 572.0% during the first quarter. Wellington Grp LLC now owns 625 shares of the company’s stock valued at $31,000 after purchasing an additional 532 shares during the period. SHP Wealth Management bought a new position in shares of JPMorgan Municipal ETF during the fourth quarter worth $47,000. Legacy Wealth Managment LLC ID grew its holdings in shares of JPMorgan Municipal ETF by 302.2% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 1,275 shares of the company’s stock valued at $64,000 after buying an additional 958 shares during the period. Brown Lisle Cummings Inc. acquired a new position in shares of JPMorgan Municipal ETF in the 2nd quarter valued at $75,000. Finally, Cassaday & Co Wealth Management LLC acquired a new position in shares of JPMorgan Municipal ETF in the 1st quarter valued at $109,000.

JPMorgan Municipal ETF Stock Up 0.0%

JMUB opened at $48.25 on Thursday. The company has a fifty day simple moving average of $48.60 and a 200 day simple moving average of $49.67. The stock has a market cap of $8.73 billion, a P/E ratio of 9.96 and a beta of 0.24. JPMorgan Municipal ETF has a 12 month low of $47.20 and a 12 month high of $51.34.

About JPMorgan Municipal ETF

(Free Report)

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.

Read More