JPMorgan Municipal ETF $JMUB Shares Acquired by Summit Financial Strategies Inc.

Summit Financial Strategies Inc. increased its position in JPMorgan Municipal ETF (BATS:JMUB) by 19.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 157,489 shares of the company’s stock after purchasing an additional 25,446 shares during the period. JPMorgan Municipal ETF accounts for about 0.6% of Summit Financial Strategies Inc.’s holdings, making the stock its 21st biggest holding. Summit Financial Strategies Inc. owned 0.26% of JPMorgan Municipal ETF worth $7,873,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in JPMorgan Municipal ETF by 1,656.4% during the 4th quarter. JPMorgan Chase & Co. now owns 13,592,101 shares of the company’s stock worth $686,401,000 after buying an additional 12,818,224 shares during the last quarter. LPL Financial LLC increased its stake in JPMorgan Municipal ETF by 44.5% in the fourth quarter. LPL Financial LLC now owns 5,531,924 shares of the company’s stock valued at $279,362,000 after purchasing an additional 1,702,513 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of JPMorgan Municipal ETF by 29.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,159,706 shares of the company’s stock valued at $210,065,000 after buying an additional 950,852 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of JPMorgan Municipal ETF by 375.8% in the third quarter. Captrust Financial Advisors now owns 1,061,229 shares of the company’s stock valued at $53,560,000 after buying an additional 838,165 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of JPMorgan Municipal ETF by 43.7% during the third quarter. Ameriprise Financial Inc. now owns 2,246,619 shares of the company’s stock worth $113,284,000 after buying an additional 683,129 shares during the period.

JPMorgan Municipal ETF Trading Up 0.1%

Shares of BATS JMUB traded up $0.05 during midday trading on Friday, reaching $50.38. 2,493,357 shares of the company were exchanged, compared to its average volume of 930,807. JPMorgan Municipal ETF has a 1 year low of $49.06 and a 1 year high of $51.34. The stock has a fifty day simple moving average of $50.35 and a 200 day simple moving average of $50.52. The stock has a market cap of $3.09 billion, a P/E ratio of 9.96 and a beta of 0.21.

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.