JPMorgan Municipal ETF $JMUB Shares Bought by Friday Financial

Friday Financial lifted its position in shares of JPMorgan Municipal ETF (BATS:JMUB) by 55.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,248 shares of the company’s stock after purchasing an additional 10,814 shares during the period. Friday Financial’s holdings in JPMorgan Municipal ETF were worth $1,525,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of JPMorgan Municipal ETF by 1,656.4% in the 4th quarter. JPMorgan Chase & Co. now owns 13,592,101 shares of the company’s stock valued at $686,401,000 after purchasing an additional 12,818,224 shares during the period. LPL Financial LLC increased its position in JPMorgan Municipal ETF by 44.5% during the fourth quarter. LPL Financial LLC now owns 5,531,924 shares of the company’s stock worth $279,362,000 after buying an additional 1,702,513 shares during the period. Meeder Advisory Services Inc. increased its position in JPMorgan Municipal ETF by 32.5% during the first quarter. Meeder Advisory Services Inc. now owns 4,262,379 shares of the company’s stock worth $213,076,000 after buying an additional 1,044,894 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in 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. Finally, Cetera Investment Advisers lifted its stake in JPMorgan Municipal ETF by 26.5% in the first quarter. Cetera Investment Advisers now owns 3,635,444 shares of the company’s stock valued at $181,736,000 after buying an additional 761,782 shares during the last quarter.

JPMorgan Municipal ETF Stock Performance

JMUB stock opened at $49.93 on Monday. The company has a market capitalization of $3.06 billion, a P/E ratio of 9.96 and a beta of 0.21. JPMorgan Municipal ETF has a twelve month low of $49.33 and a twelve month high of $51.34. The business has a 50 day simple moving average of $50.26 and a 200-day simple moving average of $50.42.

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.