IFP Advisors Inc increased its stake in JPMorgan Municipal ETF (NYSEARCA:JMUB – Free Report) by 266.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 84,122 shares of the company’s stock after acquiring an additional 61,152 shares during the quarter. IFP Advisors Inc’s holdings in JPMorgan Municipal ETF were worth $4,051,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Wellington Grp LLC raised its position in shares of JPMorgan Municipal ETF by 572.0% during the 1st quarter. Wellington Grp LLC now owns 625 shares of the company’s stock worth $31,000 after purchasing an additional 532 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in JPMorgan Municipal ETF during the 4th quarter worth approximately $34,000. Franklin Resources Inc. acquired a new position in shares of JPMorgan Municipal ETF during the third quarter valued at approximately $41,000. SHP Wealth Management purchased a new position in shares of JPMorgan Municipal ETF in the fourth quarter valued at approximately $47,000. Finally, Lavaca Capital LLC acquired a new stake in shares of JPMorgan Municipal ETF in the fourth quarter worth approximately $48,000.
JPMorgan Municipal ETF Stock Performance
Shares of JMUB opened at $48.46 on Friday. JPMorgan Municipal ETF has a one year low of $48.41 and a one year high of $51.34. The stock has a market capitalization of $8.22 billion, a price-to-earnings ratio of 9.96 and a beta of 0.23. The stock has a 50 day moving average price of $49.78 and a 200 day moving average price of $50.19.
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.
Read More
- Five stocks we like better than JPMorgan Municipal ETF
- AeroVironment’s Record Backlog and Earnings Beat Fuel Recovery Case
- Corning Just Locked In a Massive Verizon Fiber Deal as AI Infrastructure Expands
- 3 Under-$20 Stocks Tied to the Future of U.S. Energy and Materials
- Uncle Sam’s Quantum Leap: Feds Fund a $300M Quantum Supercycle
Receive News & Ratings for JPMorgan Municipal ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Municipal ETF and related companies with MarketBeat.com's FREE daily email newsletter.
