Facet Wealth Inc. Purchases New Position in JPMorgan Municipal ETF $JMUB

Facet Wealth Inc. purchased a new stake in JPMorgan Municipal ETF (BATS:JMUB) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 12,742 shares of the company’s stock, valued at approximately $643,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Avidian Wealth Enterprises LLC grew its holdings in shares of JPMorgan Municipal ETF by 2.4% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 419,252 shares of the company’s stock worth $21,160,000 after purchasing an additional 9,964 shares during the last quarter. Forvis Mazars Wealth Advisors LLC lifted 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 purchasing an additional 123,953 shares during the last quarter. Impact Investors Inc acquired a new position in JPMorgan Municipal ETF in the third quarter valued at about $1,571,000. McAdam LLC grew its stake in JPMorgan Municipal ETF by 0.9% during the third quarter. McAdam LLC now owns 40,014 shares of the company’s stock worth $2,020,000 after buying an additional 340 shares during the last quarter. Finally, Dynasty Wealth Management LLC acquired a new stake in shares of JPMorgan Municipal ETF during the third quarter worth approximately $4,557,000.

JPMorgan Municipal ETF Trading Up 1.8%

BATS:JMUB opened at $50.69 on Friday. JPMorgan Municipal ETF has a 1 year low of $47.95 and a 1 year high of $51.31. The stock has a market capitalization of $3.11 billion, a P/E ratio of 9.96 and a beta of 0.21. The firm has a 50 day moving average of $50.63 and a 200-day moving average of $50.21.

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.