Summit Financial LLC Purchases 26,428 Shares of JPMorgan Municipal ETF $JMUB

Summit Financial LLC raised its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 10.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 287,068 shares of the company’s stock after acquiring an additional 26,428 shares during the quarter. Summit Financial LLC owned approximately 0.47% of JPMorgan Municipal ETF worth $14,542,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of JMUB. Royal Bank of Canada boosted its position in JPMorgan Municipal ETF by 12.1% during the 1st quarter. Royal Bank of Canada now owns 100,198 shares of the company’s stock valued at $5,010,000 after acquiring an additional 10,823 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of JPMorgan Municipal ETF by 37.4% in the 1st quarter. AQR Capital Management LLC now owns 10,756 shares of the company’s stock worth $538,000 after purchasing an additional 2,927 shares in the last quarter. Cerity Partners LLC purchased a new stake in shares of JPMorgan Municipal ETF in the 2nd quarter worth approximately $1,950,000. Peapack Gladstone Financial Corp grew its stake in shares of JPMorgan Municipal ETF by 317.8% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 79,084 shares of the company’s stock worth $3,926,000 after buying an additional 60,157 shares during the last quarter. Finally, Diversify Advisory Services LLC bought a new position in JPMorgan Municipal ETF during the 2nd quarter valued at approximately $2,233,000.

JPMorgan Municipal ETF Trading Down 0.2%

Shares of BATS:JMUB opened at $50.32 on Friday. The stock has a fifty day simple moving average of $50.31 and a two-hundred day simple moving average of $50.54. JPMorgan Municipal ETF has a 12-month low of $49.06 and a 12-month high of $51.34. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 9.96 and a beta of 0.21.

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.