Sterling Investment Advisors Ltd. Increases Holdings in JPMorgan Municipal ETF $JMUB

Sterling Investment Advisors Ltd. lifted its stake in shares of JPMorgan Municipal ETF (BATS:JMUB) by 92.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,800 shares of the company’s stock after purchasing an additional 14,800 shares during the quarter. Sterling Investment Advisors Ltd. owned 0.05% of JPMorgan Municipal ETF worth $1,540,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of JPMorgan Municipal ETF by 12.1% during the first quarter. Royal Bank of Canada now owns 100,198 shares of the company’s stock valued at $5,010,000 after buying an additional 10,823 shares during the period. AQR Capital Management LLC grew its stake in JPMorgan Municipal ETF by 37.4% during the first quarter. AQR Capital Management LLC now owns 10,756 shares of the company’s stock valued at $538,000 after acquiring an additional 2,927 shares in the last quarter. Cerity Partners LLC bought a new stake in JPMorgan Municipal ETF during the 2nd quarter worth approximately $1,950,000. Peapack Gladstone Financial Corp increased its holdings in JPMorgan Municipal ETF by 317.8% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 79,084 shares of the company’s stock worth $3,926,000 after acquiring an additional 60,157 shares during the period. Finally, Diversify Advisory Services LLC purchased a new stake in JPMorgan Municipal ETF in the 2nd quarter worth approximately $2,233,000.

JPMorgan Municipal ETF Price Performance

Shares of BATS:JMUB opened at $50.34 on Wednesday. The firm has a fifty day moving average price of $50.35 and a two-hundred day moving average price of $50.52. JPMorgan Municipal ETF has a one year low of $49.06 and a one year high of $51.34. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21.

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.