Financial Connections Group Inc. Raises Holdings in JPMorgan Municipal ETF $JMUB

Financial Connections Group Inc. grew its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 110.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,111 shares of the company’s stock after purchasing an additional 33,149 shares during the period. JPMorgan Municipal ETF makes up approximately 1.3% of Financial Connections Group Inc.’s investment portfolio, making the stock its 21st biggest position. Financial Connections Group Inc. owned 0.10% of JPMorgan Municipal ETF worth $3,132,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in JMUB. ST Germain D J Co. Inc. purchased a new position in shares of JPMorgan Municipal ETF during the second quarter valued at about $25,000. Financial Gravity Asset Management Inc. purchased a new position in shares of JPMorgan Municipal ETF during the first quarter valued at about $28,000. Abound Wealth Management purchased a new position in shares of JPMorgan Municipal ETF during the second quarter valued at about $78,000. Ameriflex Group Inc. grew its position in shares of JPMorgan Municipal ETF by 360.0% during the second quarter. Ameriflex Group Inc. now owns 2,300 shares of the company’s stock valued at $114,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Allworth Financial LP grew its position in shares of JPMorgan Municipal ETF by 91.2% during the first quarter. Allworth Financial LP now owns 2,919 shares of the company’s stock valued at $144,000 after purchasing an additional 1,392 shares in the last quarter.

JPMorgan Municipal ETF Stock Up 1.4%

Shares of JPMorgan Municipal ETF stock opened at $50.50 on Friday. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21. The business has a 50-day moving average price of $49.94 and a 200-day moving average price of $49.58. JPMorgan Municipal ETF has a twelve month low of $47.95 and a twelve month high of $51.31.

JPMorgan Municipal ETF Company 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.