Assetmark Inc. Increases Stock Position in JPMorgan Municipal ETF $JMUB

Assetmark Inc. boosted its position in JPMorgan Municipal ETF (BATS:JMUB) by 394.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 629,062 shares of the company’s stock after buying an additional 501,766 shares during the period. Assetmark Inc. owned approximately 1.03% of JPMorgan Municipal ETF worth $31,768,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Aspen Wealth Management LLC lifted its holdings in JPMorgan Municipal ETF by 10.9% in the fourth quarter. Aspen Wealth Management LLC now owns 355,918 shares of the company’s stock valued at $17,974,000 after acquiring an additional 34,931 shares during the period. Breakwater Capital Group lifted its holdings in JPMorgan Municipal ETF by 29.7% in the fourth quarter. Breakwater Capital Group now owns 54,295 shares of the company’s stock valued at $2,742,000 after acquiring an additional 12,428 shares during the period. Cyndeo Wealth Partners LLC acquired a new stake in JPMorgan Municipal ETF in the fourth quarter valued at $1,929,000. Daymark Wealth Partners LLC lifted its holdings in JPMorgan Municipal ETF by 45.4% in the fourth quarter. Daymark Wealth Partners LLC now owns 55,751 shares of the company’s stock valued at $2,815,000 after acquiring an additional 17,404 shares during the period. Finally, Baron Silver Stevens Financial Advisors LLC raised its stake in shares of JPMorgan Municipal ETF by 33.7% during the 3rd quarter. Baron Silver Stevens Financial Advisors LLC now owns 195,290 shares of the company’s stock worth $9,856,000 after buying an additional 49,188 shares during the last quarter.

JPMorgan Municipal ETF Stock Up 0.1%

BATS:JMUB opened at $50.42 on Wednesday. The company has a market capitalization of $3.09 billion, a PE ratio of 9.96 and a beta of 0.21. The stock has a fifty day simple moving average of $50.60 and a 200-day simple moving average of $50.62. JPMorgan Municipal ETF has a 52-week low of $48.80 and a 52-week high of $51.34.

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.