Masso Torrence Wealth Management Inc. Takes $301,000 Position in JPMorgan Municipal ETF (BATS:JMUB)

Masso Torrence Wealth Management Inc. bought a new position in shares of JPMorgan Municipal ETF (BATS:JMUB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,000 shares of the company’s stock, valued at approximately $301,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Investment Planning Advisors Inc. boosted its holdings in JPMorgan Municipal ETF by 21.8% in the fourth quarter. Investment Planning Advisors Inc. now owns 41,269 shares of the company’s stock valued at $2,070,000 after purchasing an additional 7,376 shares during the last quarter. Perigon Wealth Management LLC purchased a new position in shares of JPMorgan Municipal ETF during the 4th quarter valued at approximately $1,312,000. Landmark Wealth Management LLC grew its position in shares of JPMorgan Municipal ETF by 4.2% during the fourth quarter. Landmark Wealth Management LLC now owns 74,576 shares of the company’s stock worth $3,740,000 after buying an additional 3,012 shares in the last quarter. Summit Financial Strategies Inc. increased its stake in shares of JPMorgan Municipal ETF by 6.2% in the fourth quarter. Summit Financial Strategies Inc. now owns 86,964 shares of the company’s stock worth $4,361,000 after buying an additional 5,055 shares during the last quarter. Finally, Apexium Financial LP raised its holdings in JPMorgan Municipal ETF by 9.5% in the fourth quarter. Apexium Financial LP now owns 119,511 shares of the company’s stock valued at $6,010,000 after acquiring an additional 10,354 shares in the last quarter.

JPMorgan Municipal ETF Stock Up 1.1 %

BATS JMUB opened at $50.36 on Wednesday. The company’s 50 day moving average is $50.41 and its two-hundred day moving average is $50.68. The company has a market cap of $1.40 billion, a P/E 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.