Avidian Wealth Enterprises LLC Increases Stake in JPMorgan Municipal ETF $JMUB

Avidian Wealth Enterprises LLC lifted its position in JPMorgan Municipal ETF (BATS:JMUB) by 2.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 419,252 shares of the company’s stock after purchasing an additional 9,964 shares during the period. JPMorgan Municipal ETF comprises approximately 0.8% of Avidian Wealth Enterprises LLC’s portfolio, making the stock its 25th biggest holding. Avidian Wealth Enterprises LLC owned about 0.68% of JPMorgan Municipal ETF worth $21,160,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Forvis Mazars Wealth Advisors LLC raised its holdings in JPMorgan Municipal ETF by 11.7% during the 3rd quarter. Forvis Mazars Wealth Advisors LLC now owns 1,184,951 shares of the company’s stock valued at $59,804,000 after buying an additional 123,953 shares during the last quarter. Impact Investors Inc bought a new stake in JPMorgan Municipal ETF in the 3rd quarter worth $1,571,000. McAdam LLC increased its position in shares of JPMorgan Municipal ETF by 0.9% in the third quarter. McAdam LLC now owns 40,014 shares of the company’s stock valued at $2,020,000 after acquiring an additional 340 shares during the period. Dynasty Wealth Management LLC bought a new position in shares of JPMorgan Municipal ETF during the third quarter valued at about $4,557,000. Finally, Arkadios Wealth Advisors raised its stake in shares of JPMorgan Municipal ETF by 17.7% during the third quarter. Arkadios Wealth Advisors now owns 13,555 shares of the company’s stock valued at $684,000 after acquiring an additional 2,036 shares during the last quarter.

JPMorgan Municipal ETF Trading Up 1.7%

JPMorgan Municipal ETF stock opened at $50.67 on Wednesday. The firm has a market cap of $3.11 billion, a P/E ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a 1-year low of $47.95 and a 1-year high of $51.31. The firm has a 50-day moving average of $50.63 and a 200-day moving average of $50.21.

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.